Altcoin Season Index Soars to New High: Could Crypto Market Shift Soon?

The cryptocurrency market is showing intriguing signs of change with the Altcoin Season Index climbing to 27, signaling a potential shift in investor sentiment and market dynamics. This metric, developed by CoinMarketCap, tracks the performance of the top 100 cryptocurrencies against Bitcoin over a 90-day period, excluding stablecoins and wrapped tokens for a clearer picture of real-world movements. The current index reading suggests that while Bitcoin dominance remains strong, altcoins are gradually gaining traction.