Altcoin Season Under Pressure: CMC Altcoin Season Index Drops to 30

The cryptocurrency landscape shows signs of a waning momentum for altcoins, as evidenced by the CMC Altcoin Season Index (ASI) dropping to 30. This index, which analyzes the performance of the top 100 cryptocurrencies based on market capitalization, offers insights into the direction of the overall market. Currently, the ASI indicates that Bitcoin’s dominance is increasing.