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Altcoin Season Index Drops to 41, Signaling Continued Bitcoin Season

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by A1

3 hours ago

The Altcoin Season Index, tracked by CoinMarketCap, has dropped to 41, signaling a continuation of the Bitcoin season.

Understanding the Altcoin Season Index

The Altcoin Season Index is a metric designed to gauge whether Bitcoin or altcoins are leading the market’s performance.

How Is the Altcoin Season Index Calculated?

The index compares the rate of increase in Bitcoin’s price to the rate of increase for the top 100 cryptocurrencies over the last 90 days.

Current Market Trends and Analysis

Bitcoin continues to maintain a dominant position in the cryptocurrency market. Its strong performance relative to altcoins has kept the Altcoin Season Index firmly below the threshold for altcoin season.

The Altcoin Season Index’s drop to 41 reinforces Bitcoin’s continued dominance in the cryptocurrency market. This could pose challenges for altcoins, but their development and potential for innovation remain key for investors.

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