[Altcoin season watch] Index falls to 47 as Bitcoin dominance stands at 59.9%

Altcoins lost ground relative to Bitcoin this week, with the altcoin season index remaining in neutral territory as recent relative performance weakened. The altcoin season index stood at 47 on November 3, according to CoinMarketCap. The reading fell from 48 a day earlier and was below 54 a week earlier and 58 a month earlier. It remained between the Bitcoin season threshold of 25 or below and the altcoin season threshold of 75 or above, indicating weaker participation in altcoin outperformance against Bitcoin.