Altcoin Season Index: Unveiling the Current Bitcoin Market Dominance
Main Idea
The Altcoin Season Index currently indicates a 'Bitcoin Season' with a score of 43, showing Bitcoin's dominance as most altcoins underperform, and provides insights for investors on navigating this market phase.
Key Points
1. The Altcoin Season Index, developed by CoinMarketCap, measures the performance of the top 100 altcoins against Bitcoin over 90 days, with scores indicating market states like 'Altcoin Season' (75-100), 'Bitcoin Season' (26-74), or 'Bitcoin Dominance' (1-25).
2. A current index score of 43 signifies 'Bitcoin Season', where 25% or fewer of the top 100 altcoins outperform Bitcoin, reflecting Bitcoin's market dominance.
3. Bitcoin's outperformance is driven by several factors, though the article does not specify them.
4. Investors are advised to monitor the Altcoin Season Index for signs of a shift to 'Altcoin Season', indicated by a sustained score above 75.
5. The index is a historical and current performance metric and does not guarantee future market movements.
Description
BitcoinWorld Altcoin Season Index: Unveiling the Current Bitcoin Market Dominance The cryptocurrency market is a dynamic and constantly shifting landscape. Right now, a crucial metric, the Altcoin Season Index , stands at 43 as of 00:30 UTC on July 28. This specific reading from CoinMarketCap (CMC) signals that we are firmly entrenched in what’s known as ‘Bitcoin Season’. But what exactly does this indicator mean for your digital asset portfolio, and how should astute investors navigate these pr...
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