Altcoin Market Faces $234 Billion Devaluation Amid Crypto Downturn
- The altcoin market cap declined by $234 billion over the past two weeks.
- This represents one of the largest devaluations in the altcoin sector’s history.
- Bitcoin outperformed all altcoin subsectors during this period.
- Bitcoin’s price is approximately $96,933, showing a nearly 2% increase in the last 24 hours.
- Bitcoin dominance rose to 61.18%, increasing by over 5.5% in the past month.
The recent downturn led to a significant $234 billion reduction in the altcoin market cap, highlighting Bitcoin’s relative strength and increased market dominance during this period.
Source (2.6)https://dailyhodl.com/2025/02/13/altcoin-sector-takes-one-of-biggest-hits-ever-in-234000000000-devaluation-glassnode/?rand=59076
