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CoinMarketCap’s Altcoin Season Index stood at 33, down two points from yesterday.
The index, published by the cryptocurrency market data platform, is calculated by comparing Bitcoin’s price performance with that of the top 100 coins by market capitalization, excluding stablecoins and wrapped coins. A period is classified as altcoin season when 75% of the top 100 coins have outperformed Bitcoin over the past 90 days. The opposite is considered Bitcoin season. A reading closer to 100 indicates altcoin season.