Altcoin Season Index Rises to 35, Signaling Continued Bitcoin Season

Quick Summary:

Altcoin Season Index Rises to 35, Signaling Continued Bitcoin Season The Altcoin Season Index—a key metric tracked by CoinMarketCap (CMC) to gauge the relative performance of top cryptocurrencies—has risen by one point to 35, as recorded at 00:30 UTC on November 9.

By tracking this metric, investors can gauge the broader trend—whether Bitcoin dominance is likely to continue or if a shift into Altcoin Season is on the horizon.

As institutional investors favor Bitcoin over altcoins due to its relative stability and market dominance, Bitcoin benefits from stronger capital inflows, outperforming the majority of altcoins.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Crypto News Altcoin Season Index

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-09 @ 09:46:36 (5 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 993 words

Reading Time: 6 minutes read

Sentences: 49 lines

Sentence Length: 21 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 23478288

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

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News Last Updated: 8 hours ago

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