Analyst: Major Altcoin show greater stability, and the correlation with Bitcoin is weakening
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Odaily Odaily News: André Dragosch, head of European research at Bitwise, said that since the US election in early November, more and more Altcoin have outperformed Bitcoin. In addition, Altcoin seem to be driven by a more diversified investment narrative, and their performance has also shown an increasing divergence. André Dragosch pointed out that Bitwise's data showed that the linkage between Bitcoin and major Altcoin is weakening. The major Altcoin have outperformed Bitcoin in both weekly and monthly indicators, showing greater stability, even though Bitcoin has been volatile recently. After Bitcoin hit an all-time high of $103,000, its price has fallen by more than 5% in the past 24 hours, falling below the $100,000 mark. In contrast, Altcoin such as Ethereum and Solana have only seen a small pullback of about 1% in this decline. (The Block)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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