Sentiment Around Altcoins Improving — Market Talk
Since the start of the month, more money has been flowing into altcoins--cryptocurrencies outside of bitcoin, which typically commands most of the market capitalization for overall cryptocurrency trading. According to data from CoinMarketCap, the market cap for altcoins is around $1.11T, and CoinMarketCap's "Altcoin Season Index" is currently at 47 out of 100, up big from a score of 32 seen at the start of September. According to CoinMarketCap, "altcoin season" is considered when 75% of the top 100 cryptocurrencies outperform bitcoin over the course of 90 days. Bitcoin is down 0.8%, while ethereum falls 0.2%, XRP is up 2.3%, solana falls 0.4%, and HYPE is off 1.7%. ([email protected])