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CoinMarketCap’s Altcoin Season Index rose 11 points from yesterday to 33.
The index is calculated by comparing Bitcoin’s price performance with that of the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped coins. A CoinNess analysis shows the market is considered to be in altcoin season when 75% of the top 100 coins have outperformed Bitcoin over the past 90 days, and in Bitcoin season in the opposite case. The closer the index is to 100, the more strongly it points to altcoin season.