Altcoin Season Index dips to 40

CoinMarketCap's Altcoin Season Index has registered a score of 40, marking a one-point decrease from yesterday. The index is calculated by comparing the price performance of the top 100 coins by market capitalization, excluding stablecoins and wrapped tokens, against Bitcoin. A period is considered an altcoin season if 75% of these top 100 coins outperform Bitcoin over the preceding 90 days. Conversely, if Bitcoin outperforms the majority, it is deemed a Bitcoin season. A score closer to 100 indicates conditions are more favorable for altcoins.