CoinMarketCap's Altcoin Season Index has fallen by one point from yesterday to 23.

The index is calculated by comparing the price performance of the top 100 coins by market capitalization, excluding ...

CoinMarketCap's Altcoin Season Index has fallen by one point from yesterday to 23.

The index is calculated by comparing the price performance of the top 100 coins by market capitalization, excluding stablecoins and wrapped coins, against that of Bitcoin. The market is considered to be in an altcoin season if 75% of these top 100 coins outperform Bitcoin over the preceding 90 days; otherwise, it is considered a Bitcoin season. A score closer to 100 indicates a stronger trend toward an altcoin season.

Altcoin Season Index falls to 23

Bithumb, one of South Korea's largest cryptocurrency exchanges, has just shaken the market with a serious internal incident related to the distribution of rewards...

A Bithumb exchange employee accidentally 'gifted' 2,000 Bitcoin to a user, causing the price of BTC on the exchange to suddenly drop by 10%.

Author: Nancy, PANews
Original title: No Black Swan Events, Four Atypical Guesses About the Culprit Behind Bitcoin Overselling
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A black swan-style crash has arrived, but we haven't seen where the black swan is, which is even more unsettling.
Almost without warning, Bitcoin suddenly plummeted, entering its third-largest oversold zone in history, causing both long positions to collapse and psychological barriers to fall. This has left the market perplexed...

The absence of black swan events suggests there may be other reasons for Bitcoin's current oversold condition.

Bitcoin ($BTC) has recently gone through a sudden shift on Bithumb, a well-known South Korean crypto exchange. In this respect, the $BTC/KRW trading abruptly plummeted over 10% below the worldwide ave...