CMC Altcoin Season Index Drops to 34, Marking a 3 Point Shift

According to CoinMarketCap (CMC) data, the CMC Altcoin Season Index currently stands at 34, reflecting a decline of 3 points compared to the previous day. The index measures market performance by analyzing the top 100 cryptocurrencies by market capitalization, to determine whether the market is in an altcoin season or remains Bitcoin-dominated.Over the past 90 days, 34 of these altcoins have outperformed Bitcoin in price growth, signalling a weakening altcoin trend.