Altcoin Season Index Drops to 16, Signaling Shift in Market Momentum

As reported by BlockBeats, the Altcoin Season Index—based on CoinMarketCap data—has fallen to 16, down from a recent high of 43 on May 10. This metric indicates that only 16 of the top 100 cryptocurrencies by market capitalization have outperformed Bitcoin over the past 90 days.

The CMC Altcoin Season Index is a real-time tool used to determine whether the market is favoring altcoins over Bitcoin. It tracks the relative performance of the top 100 altcoins compared to Bitcoin within a 90-day window, offering insights into broader crypto market trends.

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