Altcoin Season Index: Decoding the Shift to Bitcoin Dominance

The cryptocurrency market is dynamic, with shifts in investor sentiment often impacting altcoins’ performance. The Altcoin Season Index, tracked by CoinMarketCap (CMC), provides insights into these trends. Currently, it indicates a clear shift toward Bitcoin dominance, as Bitcoin surpasses other crypto assets. 30 is the latest index reading, marking a drop from the previous day’s figure of 30. This dip signifies that Bitcoin is reclaiming its position of leadership in the market. What does this mean for investors?