Bitcoin fell 26% in three months but outperformed most crypto sectors as Ether dropped 36%, AI tokens fell 48%, and memecoins dipped 56%.
Despite a decline from all-time highs, Bitcoin has still performed better than most other cryptocurrency sectors in recent months, indicating that capital and investment continue to favor Bitcoin, according to Glassnode.
Over the past three months, “the average return across nearly all crypto sectors has underperformed Bitcoin,” reported onchain analytics platform Glassnode on Tuesday.
The comments came in response to a 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.
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