Altcoin Season Index holds at 23, indicating Bitcoin dominance

CoinMarketCap's Altcoin Season Index stands at 23, unchanged from yesterday, indicating that market conditions continue to favor Bitcoin over altcoins. The index is calculated by comparing the price performance of the top 100 cryptocurrencies, excluding stablecoins and wrapped tokens, against Bitcoin over the last 90 days. A period of broad altcoin outperformance is declared when 75% of these top coins perform better than Bitcoin. A score closer to 100 on the index signals a stronger altcoin season.