Altcoin Market Reaches Extreme Underperformance, 40% of Coins Trade Near Their ATL
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The bear cycle is weighing on altcoins as bitcoin (BTC) struggles to stay above $60,000, driving widespread underperformance. CryptoQuant reports about 40% of altcoins are trading around their all-time lows, highlighting weak token performance, increased market risk, and downside pressure for DeFi and other crypto projects.
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The bear cycle is heavily affecting altcoins as expected. With bitcoin (BTC) struggling to remain above $60,000, this group of cryptocurrencies is having it worse.
A report from the market analysis platform CryptoQuant revealed that about 40% of altcoins are currently trading around their all-time low (ATL). This dynamic reflects an extreme level of underperformance among most projects.
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