Altcoin Season Index drops to 48, down sharply from last month's peak of 86
Coinmarketcap data shows that the Altcoin Season Index is now reported at 48, a significant drop from last month's peak of 86. This index indicates that in the past 90 days, about 48 out of the top 100 cryptocurrencies by market value have outperformed Bitcoin. The CMC Cryptocurrency Altcoin Season Index is a real-time indicator based on the performance of the top 100 altcoins relative to Bitcoin over the past 90 days and is commonly used to determine whether the current cryptocurrency market is in an altcoin-dominated season.
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Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
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