Altcoin Season Index Points to a Bitcoin-Dominant Market: Understanding Bitcoin’s Influence on Crypto

The Altcoin Season Index offers valuable insights into the current state of the crypto market, revealing that it is currently in a phase dominated by Bitcoin. This index indicates whether altcoins have outperformed or underperformed Bitcoin over a 90-day period. As of May 9th, at 00:32 UTC, the Altcoin Season Index registers 31 – below 25 – signaling a clear trend towards Bitcoin Season. What does this mean for investors?