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Altcoin Season Index remains at 38 points this week. That is, Bitcoin's dominance in the crypto market is gradually increasing. Currently, BTC's market share has exceeded 57%.
The fact that the Altcoin Season Index has dropped this much indicates that altcoins are not performing very strongly at the moment. Bitcoin's dominance is clearly felt. Investors seem to be shifting more towards BTC.
During these kinds of periods, the Altcoin Season Index usually stays low. If the index rises, then we can say that the altcoin season has begun. For now, Bitcoin's dominance continues.