Altcoin Season Index Drops to 37, Down 3 Points From Previous Day

The Altcoin Season Index, as reported by cryptocurrency market data platform CoinMarketCap, has dropped by three points to 37 compared to the previous day. The index compares price movements between the top 100 cryptocurrencies (excluding stablecoins and wrapped coins) and Bitcoin over a 90-day period. An 'Altcoin Season' is defined when 75% of the top 100 coins have outperformed Bitcoin in terms of price gains during that timeframe, while the opposite scenario indicates a 'Bitcoin Season.' The index approaches 100 as it becomes more indicative of an Altcoin Season.