The Altcoin Season Index has increased to 19, suggesting early momentum in the altcoin market. This index measures the performance of the top 100 cryptocurrencies against Bitcoin over a 90-day period, with 19% currently outperforming BTC. Although this rise hints at a potential market shift, it remains below the 75% threshold required to confirm a full-fledged altcoin season. Traders are advised to monitor the trend closely but exercise caution in making decisions based solely on this index.
Altcoin Season Index Climbs to 19, Indicating Potential Market Shift
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
