Summary

  • 70% of Binance altcoins are now trading above the 200-day average, but one indicator points to the contrary.

  • Altcoin market capitalization recovered by US$ 800 billion while Bitcoin dominance resisted the decline.

  • The Altcoin Season Index from Blockchaincenter is at 41, a sharp drop compared to the August peak.

Read the original story: 70% of Binance altcoins recover, but the Altcoin Season index points to another scenario by Kamina Bashir at br.beincrypto.com