The current Altcoin Season Index of 20 raises the question: should investors shift focus to Bitcoin or await an altcoin surge?
Decoding the Altcoin Season Index
The Altcoin Season Index from CoinMarketCap serves as a market compass. As of March 18, the index is at 20—indicative of a Bitcoin Season. It evaluates the top 100 cryptocurrencies, excluding stablecoins and wrapped tokens, in comparison to Bitcoin over 90 days.
Bitcoin Season: Impact on the Market
Bitcoin Season is marked by strengthened price performance in comparison to altcoins. This can be attributed to rising institutional interest and Bitcoin's perception as 'digital gold'.
Navigating the Market During Bitcoin Season
Bitcoin Season might require portfolio restructuring, focusing more on Bitcoin. Nevertheless, opportunities in altcoins persist, especially for those with strong fundamentals.
The Altcoin Season Index is a critical tool for assessing market conditions. Its current reading signifies Bitcoin's dominance, opening new avenues for investment and portfolio management strategies.
