Home Altcoin Altcoins Outperform as Bitcoin Stabilizes Around $30K

Altcoins Outperform as Bitcoin Stabilizes Around $30K

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Altcoins Outperform as Bitcoin Stabilizes Around $30K


Bitcoin’s drawdown, or the percentage decline from peak to trough, suggests a short-term price low, similar to what occurred in January. During bear markets, however, drawdowns can extend toward 60%-80%, compared with the current 53% peak-to-trough decline.

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