Altcoin Season Index Signals Weakening Trend: CMC Data Reveals Current Level

The CoinMarketCap (CMC) Altcoin Season Index reveals a concerning sign for alternative cryptocurrencies (altcoins). Currently sitting at 15, the index indicates a weakening trend in altcoin adoption as the market shifts towards Bitcoin dominance. This is determined by analyzing the top 100 cryptocurrencies based on market capitalization to identify if we’re moving toward an altcoin bull run or a renewed surge for Bitcoin.