Altcoin Season Index Rises to 35, Indicating Market Shift

According to BlockBeats, data from Coinmarketcap reveals that the Altcoin Season Index has risen to 35, after previously dropping to 29 on August 11. This index indicates that in the past 90 days, approximately 35 out of the top 100 cryptocurrencies by market capitalization have outperformed Bitcoin. The CMC Altcoin Season Index is a real-time metric used to assess whether the cryptocurrency market is currently in an altcoin-dominated phase. It is based on the performance of the top 100 altcoins relative to Bitcoin over the past 90 days.