Altcoin Season Index Holds Steady at 44, Market Remains Neutral

CoinMarketCap's Altcoin Season Index has held steady at 44 for several days, indicating that the cryptocurrency market remains in a neutral phase between Bitcoin season and altcoin season.

The index measures the relative performance of the top 100 cryptocurrencies against Bitcoin over a 90-day period, excluding stablecoins and wrapped tokens.

A reading above 75 indicates an altcoin season, while below 25 suggests Bitcoin season. The current level of 44 shows that only a minority of altcoins have managed to surpass Bitcoin's gains in the past three months.

The stability of the index at 44 comes amid a broader period of consolidation in the cryptocurrency market, with Bitcoin trading in a relatively narrow range and many major altcoins showing mixed performance.