Bitcoin Season Reigns Supreme: Altcoins Lag in Market Momentum

The crypto market has shifted its focus towards Bitcoin as the latest Altcoin Season Index plunges to 16, a figure that signifies a strong Bitcoin Season. This indicates a period where Bitcoin’s dominance is prevalent, with many altcoins lagging behind. However, understanding this shift in market dynamics can be beneficial for investors. The index tracks the performance of the top 100 cryptocurrencies against Bitcoin, revealing whether they are outperforming the cryptocurrency giant or not. Here’s a closer look at the factors influencing the current trend.