The Altcoin Season Index, as of August 20, registers at 45, indicating a Bitcoin Season. This index evaluates the performance of the top 100 cryptocurrencies against Bitcoin over the past 90 days, highlighting Bitcoin's current market dominance. Typically, a score below 25 suggests a strong Bitcoin Season, while a score above 75 indicates an Altcoin Season.
The current index level suggests Bitcoin is outperforming most altcoins, driven by macroeconomic uncertainties and anticipation of Bitcoin-specific events. This cyclical shift underscores the importance of understanding market dynamics for informed investment strategies.
Bitcoin Season Prevails with Altcoin Season Index at 45
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