Data: CMC Altcoin Quarterly Index rebounds to 18, the market is still dominated by Bitcoin

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According to ChainCatcher, the CMC Altcoin Season Index has rebounded to 18, indicating a slight market recovery, but it is still significantly lower than the March average of 32 points and the February average of 43 points, suggesting that the market is still dominated by Bitcoin.

It is reported that the CMC Altcoin Season Index is a tool that tracks the performance of the top 100 cryptocurrencies over the past 90 days to help determine whether the market is in an Altcoin season or a Bitcoin season. When 75% or more of Altcoins outperform Bitcoin, the market is considered to be in an Altcoin season.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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