Altcoin Season Index drops to 49, down 3 points

CoinMarketCap's Altcoin Season Index has dropped three points from the previous day to 49. The index is calculated by comparing the price performance of the top 100 coins by market capitalization (excluding stablecoins and wrapped tokens) against Bitcoin. The market is considered to be in an altcoin season if 75% of these top coins have outperformed Bitcoin over the past 90 days; otherwise, it is a Bitcoin season. A reading closer to 100 indicates an altcoin season.