In accordance with BlockBeats, on November 23, the Altcoin Season Index, as reported by CoinMarketCap, fell to 25, down from a peak of 78 on September 20 and a weekly average of 31. The index indicates that approximately 25 of the top 100 cryptocurrencies by market capitalization have outperformed Bitcoin over the past 90 days. The CMC Altcoin Season Index is a real-time metric used to assess whether the current market is dominated by altcoins, based on the performance of the top 100 altcoins relative to Bitcoin over the past 90 days.
Altcoin Season Index Drops to 25 as Bitcoin Dominance Rises
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