Market Overview
According to the latest data, the Altcoin Season Index has fallen to 24, a 3-point drop from yesterday. This indicates that only 24 out of the top 100 cryptocurrencies by market cap have outperformed Bitcoin over the past 90 days.
Understanding the Index
Coinmarketcap's Altcoin Season Index is a key market indicator used to determine if the current crypto market is in a phase of altcoin dominance. It measures the performance of the top 100 altcoins relative to Bitcoin over the past 90 days.
- An index value of 24 shows Bitcoin continues to dominate the market.
- Values below 50 typically signal a Bitcoin-driven market environment.