Altcoin Season Index Plummets: Is Bitcoin Dominance Here to Stay?
Main Idea
The Altcoin Season Index has dropped to 42, indicating a Bitcoin Season where Bitcoin dominates market gains, impacting altcoin performance and investor strategies.
Key Points
1. The Altcoin Season Index, tracked by CoinMarketCap, is currently at 42, signaling a Bitcoin Season where Bitcoin outperforms most altcoins.
2. A Bitcoin Season is determined when 25% or fewer of the top 100 altcoins (excluding stablecoins and wrapped tokens) outperform Bitcoin over 90 days.
3. Historically, altcoin performance rebounds when the Altcoin Season Index sustains above 75, indicating altcoins collectively outperform Bitcoin.
4. The index excludes stablecoins (e.g., USDT, USDC) and wrapped tokens (e.g., wBTC) to focus on market dynamics of non-pegged cryptocurrencies.
5. Investors are advised to monitor the Altcoin Season Index and crypto market trends to navigate portfolio strategies during Bitcoin dominance.
Description
BitcoinWorld Altcoin Season Index Plummets: Is Bitcoin Dominance Here to Stay? The cryptocurrency world constantly shifts, and understanding its dynamics is key to navigating its opportunities. Currently, a significant indicator, the Altcoin Season Index , stands at 42. This figure, tracked by CoinMarketCap (CMC), signals a clear shift: we are in a Bitcoin Season . What does this mean for your portfolio and the broader crypto market trends ? Let’s dive in. What Does the Altcoin Season Index Tell...
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