Altcoin Season Index rises to 51, up 6 points

CoinMarketCap's Altcoin Season Index has reached 51, an increase of six points from the previous day. The index is calculated by comparing the price performance of the top 100 cryptocurrencies, excluding stablecoins and wrapped tokens, against Bitcoin. An altcoin season is defined as a period where 75% of these top 100 coins have outperformed Bitcoin over the last 90 days. The opposite scenario is considered a Bitcoin season. A score closer to 100 is seen as indicative of an altcoin season.