Altcoin Season Index Falls to 34, Indicating Shift Away from Altcoins

The Altcoin Season Index has dropped to 34, indicating that only 34 out of the top 100 cryptocurrencies by market capitalization have performed better than Bitcoin in terms of price appreciation over the past 90 days. This index measures the performance of altcoins relative to Bitcoin and is used to determine whether the current market is in an altcoin-dominated season. The index previously rose to 78 on September 20th but has now decreased.