Altcoins Collapse: Less Than 5% Beat Bitcoin as BTC Dominance Hits 60%+
Bitcoin dominance surpassed 60% as most altcoins collapsed, with fewer than 5% outperforming BTC over the last 60 days.Summary
Bitcoin is reasserting its dominance, with the Bitcoin Dominance Index (BTC.D) surpassing 60.74%, its highest level in over two years, signaling a market-wide "risk-off" sentiment favoring BTC over riskier assets. Data shows that over the past 60 days, only 3 out of 55 major altcoins have outperformed Bitcoin, while the rest have seen value drops between 20% and 80%, pushing the Altcoin Season Index low. Analysts suggest that if Bitcoin's uptrend continues, altcoins could face further declines against BTC. While a short-term technical bounce for altcoins is possible, any recovery is expected to be highly selective, favoring projects with strong fundamentals in sectors like RWA, DeFi, or AI, rather than a broad "altseason."
(Source：BeInCrypto)