Altcoin Season Index Drops, Signaling Potential Shift in Market Dynamics

The Altcoin Season Index has experienced a decline, dropping to 45 as of August 20th, according to data from Coinmarketcap. This decrease follows an earlier drop on August 11th, when the index fell to 29. This index reflects the performance of approximately 45 out of the top 100 cryptocurrencies by market capitalization over the past 90 days, compared to Bitcoin’s performance. The CMC Altcoin Season Index is a real-time indicator that assesses whether the cryptocurrency market currently favors altcoins over Bitcoin.