Alts are lagging behind, as BTC outshines in the crypto market
1 min read
When Bitcoin performs well, many altcoins follow it and experience a surge in value as well. Usually even more than how much BTC pumps.
This was not the case however this time, with the number of banks collapsing, BTC also saw a massive price cut.
However, BTC decided to be BTC again and had a huge 20% daily candle.
BTC, almost back to its 90 day high
This was not the case however with alts, with most alts bleeding compared to BTC
Most alts are lagging behind and are down 10-15% compared to BTC
Bitcoin also recently flipped tech giant Meta and is approaching Tesla in market cap
BTC is clearly doing very good compared to US stock market (YoY) but a point to note here is that it is also gaining in tech related MC index. Which is a very good sign because Bitcoin has usually followed NASDAQ.
*This is NFA, crypto markets are very volatile no one knows what will happen in the future*
submitted by /u/Concept-Plastic
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