Altcoins Shine as Bitcoin Continues to Struggle: Is a Major Shift Happening?

The post Altcoins Shine as Bitcoin Continues to Struggle: Is a Major Shift Happening? appeared first on Coinpedia Fintech News

Altcoins are stepping into the spotlight as Bitcoin falters. Recently, Bitcoin dropped to $52,827, falling nearly 11% before rebounding to $58,101. Despite this recovery, Bitcoin has struggled to break the $60,000 barrier since August. Meanwhile, Bitcoin’s market dominance has slipped by 1.3%, while the market cap of altcoins outside the top ten has climbed by 4.4%. Some experts noted that the resilience and recent performance of altcoins could signal a phase where they outperform Bitcoin in both downturns and upswings.