CoinMarketCap altcoin season index falls 7 points to 38

CoinMarketCap’s altcoin season index came in at 38, down seven points from yesterday. The index compares the price performance of Bitcoin with that of the top 100 coins by market capitalization, excluding stablecoins and wrapped tokens. An altcoin season is identified when 75% of the top 100 coins have outperformed Bitcoin over the past 90 days, while the opposite is considered a Bitcoin season. A reading closer to 100 indicates a stronger altcoin season.