Altcoin Season Index: Decoding Bitcoin’s Reign Over Crypto Market

The cryptocurrency market is a dynamic force, with periods of dominance often shifting between Bitcoin and other altcoins. The Altcoin Season Index provides valuable insight into these shifts. This index, tracked by CoinMarketCap (CMC), analyzes the performance of major cryptocurrencies over time. According to the latest reading, as of April 29th at 00:30 UTC, the index stands at 20, indicating a Bitcoin-driven market environment.