Data: CMC Altcoin Season Index rises to 18, market still dominated by Bitcoin
ChainCatcher message, the CMC Altcoin Season Index has risen to 18, indicating a slight market recovery, but still significantly down from the March average of 32 and the February average of 43, suggesting that the market is still dominated by Bitcoin.
It is reported that the CMC Altcoin Season Index is a tool that helps determine whether the market is in altcoin season or Bitcoin season by tracking the performance of the top 100 cryptocurrencies over the past 90 days. When 75% or more of the altcoins outperform Bitcoin, the market is considered to be in altcoin season.
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