Altcoin Season Index Rises to 31, Signaling Continued Bitcoin Season

Quick Summary:

Altcoin Season Index Rises to 31, Signaling Continued Bitcoin Season The Altcoin Season Index, a key metric tracked by CoinMarketCap (CMC), has risen by three points to 31 as of 00:30 UTC on November 7, reflecting a slight uptick in altcoin performance relative to Bitcoin (BTC).

This marks a gradual movement but still indicates that the market is firmly in Bitcoin Season rather than a full altcoin season.

As DeFi platforms gain traction, they attract more capital into the altcoin sector, potentially impacting the Altcoin Season Index.

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Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaChina

Topics: Crypto News Altcoin Season Index Rises

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 06:03:57 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 721 words

Reading Time: 5 minutes read

Sentences: 36 lines

Sentence Length: 21 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 23457544

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