Altcoin Season Index Drops to 46, Signaling Shifting Market Dynamics

Recent data from Coinmarketcap reveals a decline in the Altcoin Season Index, now sitting at 46. This decrease marks a shift from the previous day’s level of 50 and suggests a waning dominance by altcoins compared to Bitcoin in recent market trends. The Index, designed to gauge the relative performance of the top 100 cryptocurrencies against Bitcoin over the past 90 days, indicates that approximately 46 out of these assets have managed to outperform Bitcoin during this period.