Altcoin Season Index Retreats, Signaling Bitcoin’s Growing Dominance

Quick Summary:

The Altcoin Season Index (ASI) fell to 35, indicating a potential shift toward a Bitcoin season.

The ASI, tracked by CoinMarketCap (CMC), measures the performance of the top 100 cryptocurrencies (excluding stablecoins and wrapped tokens) over the past 90 days.

This three-point drop suggests that Bitcoin’s market performance is strengthening relative to altcoins.

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Article Details

Author / Journalist: Coin Edition

Category: Crypto

Markets: India

Topics: BTC Bitcoin Market News News Market Market Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-16 @ 07:30:00 (12 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 144 words

Reading Time: 1 minutes read

Sentences: 48 lines

Sentence Length: 3 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 23610555

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

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Year Established: 2020

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

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News Language: English

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Publisher ID: #124

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