The altcoin season index rises to 89, setting a new high for the year

ChainCatcher news, Coinmarketcap data shows that the Altcoin Season Index is currently at 89, up 3 points from the previous day, setting a new high for the year. This index indicates that in the past 90 days, about 89 out of the top 100 cryptocurrencies by market capitalization have outperformed Bitcoin.

It is reported that the CMC Cryptocurrency Altcoin Season Index is a real-time indicator used to determine whether the current cryptocurrency market is in a season dominated by altcoins. This index is based on the performance of the top 100 altcoins relative to Bitcoin over the past 90 days.