Altcoin Season Index Drops, Signals Shift in Market Dynamics

The Altcoin Season Index has declined from its peak on May 10th, currently standing at 16 according to data provided by Coinmarketcap. This decline suggests a potential shift away from the dominance of Bitcoin and towards alternative cryptocurrencies. As per the index, over the past 90 days, approximately 16 out of the top 100 cryptocurrencies in market capitalization have outperformed Bitcoin.