How is Bitcoin’s dominance affecting the alt season’s schedule
— Months, Season, Fact, Schedule, Seasons, Bitcoin, Affecting, Market, Signal, Altseason — 1 min read
Many in the crypto-community are eagerly awaiting the altcoin season, with the same expected to set the stage for profits for most of the market. However, the impending arrival of the season was canceled midway due to the crash of May 2022. An altseason sets in when the performance of 75% of the top-50 cryptocurrencies is better than that of Bitcoin. When the reverse of the same transpires, Bitcoin season comes to the fore. It is likely that the altseason might only arrive by the end of this year (December 2022) This is because the correlation of Bitcoin with stock indices has hit 0.63 for S&P 500 and 0.59 with the DOW. This is not a sure-shot buy sign yet. Source