Altcoin Season Index Declines as Bitcoin Outperforms

The Altcoin Season Index, as reported by CoinMarketCap, has decreased by two points to 33, indicating a phase where Bitcoin is outperforming many leading altcoins. According to NS3.AI, this index evaluates the 90-day performance of the top 100 cryptocurrencies in comparison to Bitcoin to assess market sentiment. An altcoin season is typically identified when 75% of these altcoins surpass Bitcoin's performance, suggesting that the current market conditions are not strongly in favor of altcoins.