CoinMarketCap altcoin season index falls 4 points to 56

CoinMarketCap’s Altcoin Season Index stood at 56, down four points from yesterday. The index is calculated by comparing the price performance of Bitcoin with that of the top 100 coins by market capitalization, excluding stablecoins and wrapped coins. A market is considered to be in altcoin season when 75% of the top 100 coins have outperformed Bitcoin over the past 90 days, while the opposite is considered Bitcoin season. The closer the index is to 100, the more the market is viewed as being in altcoin season.