Data: The counterfeit coin season index drops to 44
According to Coinmarketcap data, the Altcoin Season Index is currently reported at 44, down 3 points from yesterday and down 38 points from last month. The index shows that in the past 90 days, about 44 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. It is commonly used to determine whether the current cryptocurrency market is in an altcoin-dominated season.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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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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