Altcoin Season Index Drops to 21 as Bitcoin Dominance Grows

The Altcoin Season Index has experienced a significant drop to 21, reflecting the continuing trend of Bitcoin’s dominance in the cryptocurrency market. This decline coincides with Bitcoin outperforming most alternative cryptocurrencies, including Solana, according to CoinMarketCap data. The movement towards Bitcoin is largely driven by institutional investors, while retail investors remain cautious about altcoin investments. The shift signals a potential reevaluation of altcoin portfolios as Bitcoin gains traction.