Altcoin Season Index Shows Recovery in Cryptocurrency Market

According to BlockBeats, data from Coinmarketcap indicates that the Altcoin Season Index is currently at 30, showing a recovery from its previous low of 15 on June 22. This index reflects that in the past 90 days, approximately 30 out of the top 100 cryptocurrencies by market capitalization have outperformed Bitcoin. The CMC Altcoin Season Index is a real-time indicator used to assess whether the cryptocurrency market is currently in a season dominated by altcoins. It is based on the performance of the top 100 altcoins relative to Bitcoin over the past 90 days.