Bitcoin’s Dominance Fuels ‘Bitcoin Season’: Altcoins Lag as Market Turns Favorable

Why aren’t your favorite altcoins making big moves while Bitcoin continues to hold strong? The recent Altcoin Season Index, a key metric for understanding crypto performance, points to a shift in the market. At 40, it signals a clear dominance by Bitcoin. This signifies the current ‘Bitcoin season’, where Bitcoin outperforms most other digital assets. This is being driven by several factors, including the perception of Bitcoin as a safer haven asset during market uncertainty and the strong liquidity concentrated around this leading cryptocurrency.