Altcoin Season Index Dips to 29 as Market Dynamics Shift

The Altcoin Season Index has experienced a notable decline, dropping to 29 according to data from Coinmarketcap. This marks a significant shift from its peak of 78 in early September. Last week’s average stood at 51, and last month averaged a robust 71. The index indicates that, over the past 90 days, approximately 29 out of the top 100 cryptocurrencies by market capitalization have surpassed Bitcoin in performance.