CoinMarketCap altcoin season index hits 51

CoinMarketCap’s Altcoin Season Index stood at 51. The index is calculated by comparing the price performance of Bitcoin and the top 100 coins by market capitalization, excluding stablecoins and wrapped coins. If 75% of those top 100 coins outperform Bitcoin over the past 90 days, the market is considered to be in altcoin season. The opposite is considered Bitcoin season. A reading closer to 100 indicates stronger altcoin season conditions.