Altcoin Season Index Declines, Signaling Potential Shift in Market Dynamics

Recent data from Coinmarketcap reveals a significant dip in the Altcoin Season Index, currently at 21 following an impressive peak of 27 on May 22nd. This decrease signifies a potential decline in the dominance of altcoins over Bitcoin. The index, which tracks the performance of the top 100 altcoins relative to Bitcoin’s market value over the last 90 days, indicates that approximately 21 out of these coins have shown greater returns than Bitcoin itself during this period.