According to the latest data from CoinMarketCap (CMC), the CMC Altcoin Season Index currently stands at 39. This index, designed to gauge market trends, analyzes the top 100 cryptocurrencies by market capitalization to determine whether the market momentum favors altcoins or remains dominated by Bitcoin. A reading of 39 indicates a pronounced dominance of Bitcoin in the market, with altcoins exerting relatively limited influence at this time. The primary purpose of this index is to provide investors with a clear and concise representation of prevailing trends within the cryptocurrency market, thereby aiding them in making more informed investment decisions. For a comprehensive understanding of the index’s various dimensions and an in-depth analysis of the current state of the cryptocurrency market, reviewing the original report is recommended.
Source: binance
