Altcoin Season Index falls to 49

The Altcoin Season Index from crypto data platform CoinMarketCap is currently at 49, down one point from the previous day. The index is calculated by comparing the price performance of the top 100 coins by market capitalization, excluding stablecoins and wrapped coins, against Bitcoin. An "altcoin season" is declared when 75% of these top 100 coins outperform Bitcoin over the preceding 90 days. If the opposite is true, it is considered a "Bitcoin season." The closer the index is to 100, the stronger the indication of an altcoin season.