10x Research: Average price of top 115 cryptocurrencies down 50% from this year’s high

Odaily Odaily News 10x Research CEO Markus Thielen released a report saying that by analyzing the top 115 tokens, the average price of cryptocurrencies has fallen 50% from its 2024 high. Unless cryptocurrency liquidity is significantly improved, these losses will continue to intensify. At present, Bitcoin (-11%) and Ethereum (-13%) are relatively robust, which may be due to smart traders transferring funds from Altcoin to these two major cryptocurrencies. This phenomenon has occurred in the past two market cycles. In the Altcoin bear market, effective risk management has become the key to survival. Token unlocking and unfavorable cryptocurrency liquidity indicators are considered to be the main causes of this plunge. Thielen emphasized that Altcoin are now in a bear market. In 2024, 73% of these 115 tokens peaked in March.