The Altcoin Season Index has dropped to 41, signaling a dominant Bitcoin Season in the cryptocurrency market.
This shift reflects a broader trend where Bitcoin outperforms most altcoins, influenced by macroeconomic factors and institutional interest.
According to COINOTAG, “The Altcoin Season Index provides investors with a vital gauge of market leadership, helping to navigate portfolio adjustments during fluctuating cycles.”
Altcoin Season Index falls to 41, indicating Bitcoin dominance amid macroeconomic pressures and institutional inflows. Learn how to adjust your crypto strategy.
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The Altcoin Season Index, tracked by CoinMarketCap, measures the comparative performance of the top 100 cryptocurrencies against Bitcoin over a 90-day period. A recent reading of 41 marks a significant decline, positioning the market firmly in Bitcoin Season territory. This index excludes stablecoins and wrapped tokens to focus on speculative assets, making it a reliable indicator of market sentiment. When the index dips below 50, it signals that Bitcoin is outperforming the majority of altcoins, guiding investors to recalibrate their portfolios accordingly. The current score of 41 suggests that less than half of the top altcoins have surpassed Bitcoin’s gains, underscoring Bitcoin’s prevailing dominance.
Several critical factors contribute to the Altcoin Season Index’s recent drop, reinforcing Bitcoin’s market leadership:
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Source: https://en.coinotag.com/altcoin-season-index-drops-to-41-suggesting-possible-bitcoin-season-dominance-in-crypto-market/