Russell 2000's April Surge Sparks Altcoin Season Speculation
The Russell 2000 index experienced a significant increase of 11.8% in April, reaching a record high of 2,798. According to NS3.AI, this development has reignited discussions about the potential for an altcoin season. Tony Severino noted that the correlation between the Russell 2000 and altcoins has turned negative for the first time since July 2016, which may weaken the historical signal that traders have relied upon.
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