CandleFocus Altcoin Season Index Climbs to 39, Confirming Bitcoin Season Dominance
2024-11-13
Author: Content Editor
The Altcoin Season Index has risen to 39, indicating that the market is still in a Bitcoin Season. This means that Bitcoin continues to outperform a majority of altcoins. However, the increase in the index suggests that interest in altcoins may be picking up. The Altcoin Season Index is a market sentiment tool that tracks the relative performance of the top 100 coins over the past 90 days. Currently, Bitcoin remains the primary focus of investors as it approaches the $100,000 milestone. The index provides insights for investors looking to time their market entries and diversify portfolios. Investors may choose to maintain or increase their Bitcoin holdings until a shift in sentiment is more evident.
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