Altcoin Season Index Drops to 41, Suggesting Possible Bitcoin Season Dominance in Crypto Market
Main Idea
The Altcoin Season Index has dropped to 41, indicating a shift towards Bitcoin dominance in the cryptocurrency market.
Key Points
1. The Altcoin Season Index measures the performance of the top 100 cryptocurrencies against Bitcoin over a 90-day period.
2. A reading below 50 signals Bitcoin dominance, with the current index at 41.
3. The index excludes stablecoins and reflects market sentiment.
4. Several factors contribute to the recent decline in the Altcoin Season Index.
Description
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