According to BlockBeats, data from Coinmarketcap reveals that the Altcoin Season Index has risen to 41, after dropping to 35 on July 30. This index indicates that over the past 90 days, approximately 41 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 dominated by altcoins. It is based on the performance of the top 100 altcoins relative to Bitcoin over the last 90 days.