Bitcoin Outperforms Crypto Sectors Like AI, Memecoins Amid Market Downturn
According to Glassnode, Bitcoin has outperformed most crypto sectors over the past three months, despite a 26% price decline. Other crypto sectors experienced more significant downturns during the same period. Ether dropped 36%, while AI tokens saw a 48% decrease, and memecoins dipped by 56%. The report highlights Bitcoin's relative strength compared to other segments of the cryptocurrency market during this period of overall market weakness. The development reflects shifting investor sentiment and sector-specific dynamics within the broader crypto ecosystem.
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