Most crypto sectors lagged Bitcoin over past 3 months from
Glassnode .
Bitcoin fell 26% in three months but outperformed most crypto
sectors as Ether dropped 36%, AI tokens fell 48%, and
memecoins dipped 56%.
Decline from all-time highs, Bitcoin has performed better than
most other sectors in recent months, indicating that capital and investment continue to favor Bitcoin, by Glassnode.
The past three months, “the average return across nearly all crypto sectors has underperformed Bitcoin,” reported onchain analytics platform Glassnode on Tuesday.
Post from institutional-grade reporting platform Bitcoin Vector stating that the first half of the year was Bitcoin-dominated, but “the picture flipped” in the second half.
Ether, AI, memes and RWA all fell harder :
$BTC has retreated by around 26% over the past three months, reaching current levels of around $86,000.
This is slightly better than the overall decline in total market capitalization of 27.5% over the same period, by CoinMarketCap.
$ETH has taken a significant hit since mid-September, falling approximately 36% to its current levels below $3,000.
The same theme is true for many other sectors or token categories :
👉AI, which has declined 48%,
👉Memecoin which has declined 56%, and
👉Real-world asset tokenization down by 46% over the three-month period, according to CoinMarketCap.
👉The DeFi token category is down 38% over the past three months, according to CoinGecko.
Bitcoin remains a safer haven in crypto :
Nick Ruck, director of LVRG Research, agreed, telling
Cointelegraph that the data over the past three months indicates that capital inflows continue to favor Bitcoin, “reflecting a strong investor preference for BTC’s stability.”
“This trend is likely driven by Bitcoin’s established reputation and increasing institutional interest, which bolster its appeal as a safer haven in the volatile crypto landscape.”