📉 Bitcoin fails to break through $80,000 and the index drops to 32 points.
Bitcoin has decreased by 0.7% over the last 24 hours, trading near $77,600, after failing to break the psychological resistance level of $80,000. Ethereum $ETH also fell by 2.5% to $2,320.
⚠️ Important: The 'Altcoin Season' index from CoinMarketCap has dropped to 32 points! This index was at 70 points at the beginning of the year and fell to 50 points last month. This means that capital is strongly shifting towards Bitcoin at the expense of other coins, and the index needs to drop significantly to start a new altcoin season.
The question now is whether this dip is the start of a correction or just a temporary pause before continuing the bull run? 🤔