Bitcoin Season Dominates Crypto Market, Altcoin Season Yet to Unfold

The crypto market continues its cyclical pattern, with recent data from the Altcoin Season Index highlighting a dominant presence of Bitcoin. As the index currently sits at 31, indicating ‘Bitcoin Season,’ investors are anticipating the next phase in this market cycle: Altcoin Season. The current dominance of Bitcoin is attributed to several factors, including increased market dominance, safe haven narrative during uncertain economic times, and institutional interest.