Altcoin Season in Decline: CMC Index Falls to 16

The current Altcoin Season Index, as tracked by CoinMarketCap (CMC), has dipped to 16. This index reflects the market’s ongoing trend towards decreased altcoin activity and a growing dominance of Bitcoin. By analyzing the top 100 cryptocurrencies based on market capitalization, the CMC Altcoin Season Index provides insights into whether the market is shifting towards a greater emphasis on Bitcoin or a decline in altcoin prices.