Altcoin Season Index dips to 16

CoinMarketCap's Altcoin Season Index has fallen one point from yesterday to 16. The index measures whether market conditions favor altcoins or Bitcoin by comparing the price performance of the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped coins, against that of Bitcoin. An altcoin season is declared when 75% of these top 100 coins outperform Bitcoin over a 90-day period. A score closer to 100 indicates an altcoin season, while a lower score suggests a Bitcoin season.