Bitcoin Dominates as Altcoin Season Index Plummets to 24

The cryptocurrency market currently witnesses a clear shift towards Bitcoin dominance, as indicated by the recent plunge of the Altcoin Season Index to 24. This reading signifies that Bitcoin has been outperforming most alternative cryptocurrencies (altcoins) over the past three months, leading to what many consider to be ‘Bitcoin Season’. Here’s a breakdown of this phenomenon and its implications for investors: 📈