Altcoin Season Index at 31, down 5 points from yesterday

The Altcoin Season Index from cryptocurrency data aggregator CoinMarketCap has fallen to 31, a decrease of five points from the previous day. The index is calculated by comparing the price performance of the top 100 cryptocurrencies by market capitalization (excluding stablecoins and wrapped coins) against Bitcoin. An "altcoin season" is declared when 75% of the top 100 coins outperform Bitcoin over the preceding 90 days. Otherwise, it is considered a "Bitcoin season." A reading closer to 100 suggests an altcoin season is underway.