Altcoins have outperformed Bitcoin during the recent market downturn, according to a Glassnode analysis. Traditionally seen as a safe haven, Bitcoin experienced larger declines compared to altcoins, which displayed unusual relative strength. This shift comes after months of altcoin underperformance, where Bitcoin dominated capital inflows.
The analysis highlights a potential change in investor sentiment, with early signs of sector rotation. Notably, DeFi, AI, and meme tokens demonstrated particular resilience, with meme coins even surpassing Bitcoin's performance during the correction. This divergence suggests a growing interest in altcoins as investors explore diverse opportunities beyond Bitcoin.
Altcoins Show Resilience, Outperform Bitcoin Amid Market Downturn
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