- Bitcoin vs. altcoins — a tussle emerges in volume and price.
- While Bitcoin shows dominance in these areas, the altcoin index has shown volatility.
As the holiday season progresses, the cryptocurrency market has been buzzing with activity, showcasing a battle for dominance between Bitcoin [BTC] and altcoins.
Historically, this period has been marked by unique market dynamics, with Bitcoin often perceived as a stable choice while altcoins cater to risk-tolerant traders seeking high returns.
Analysis reveals the intricate interplay between these two segments, offering insights into which could emerge as the holiday season winner.
Bitcoin: A steady performer amidst market flux
Bitcoin has demonstrated resilience during this holiday period, holding its price at $97,955 with a daily gain of 4.18%.
The market dominance chart showcases Bitcoin’s stronghold at 56.60%, indicating a clear preference among investors for the leading cryptocurrency.
This dominance underscores Bitcoin’s ability to withstand market turbulence while delivering stable returns.
Source: CoinMarketCap
The market heatmap further highlighted Bitcoin’s consistent performance, with trading volume exceeding $43.87 billion in the last 24 hours.
Such robust activity reflected sustained institutional interest and retail confidence in Bitcoin’s role as a “safe-haven” asset during volatile times.
Despite competition from altcoins, Bitcoin’s steady upward trend cemented its position as a reliable asset, particularly for long-term holders seeking lower risk during a seasonally volatile period.
Altcoin season index: A shift in momentum
The Altcoin Season Index provided a
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Author: Adewale Olarinde
