Altcoin Season Index Declines to Two-Month Low

According to BlockBeats, the Altcoin Season Index has dropped to 35, marking its lowest point in two months, as reported by Coinmarketcap data. Previously, the index had reached 78 on September 20, with an average of 61 last week and 65 last month. The index indicates that in the past 90 days, approximately 35 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 past 90 days.