Bitcoin Soars as Altcoins Struggle to Keep Up – BitRss

Following the Bitcoin halving event in 2024, Bitcoin (BTC ($96,175.45)) $0.000052 has seen a significant price surge, surpassing $100,000 and reaching new heights above $109,000. However, during this period, altcoins have not been able to match Bitcoin’s rapid rise, similar to previous bull markets. With a few exceptions like Solana $199 (SOL ($197.03)) and BNB ($647.08), most coins have underperformed, leading to a staggering $234 billion drop in market capitalization for the altcoins that have lagged behind during Bitcoin’s price rally, according to Glassnode data.