Altcoin Season Index Reaches 59, Indicating Altcoin Dominance

According to BlockBeats, data from Coinmarketcap reveals that the Altcoin Season Index has risen to 59. This index indicates that in the past 90 days, approximately 59 out of the top 100 cryptocurrencies by market capitalization have outperformed Bitcoin. The CMC Altcoin Season Index serves as a real-time indicator to assess whether the current cryptocurrency market is experiencing a period dominated by altcoins. It is based on the performance of the top 100 altcoins relative to Bitcoin over the last 90 days.