Altcoins Remain Resilient Amid Bitcoin’s Correction: Bitfinex

Analysts at the Bitfinex crypto exchange say that alternative cryptocurrencies have remained resilient amid Bitcoin’s approximately 12.5% correction in the past week., the altcoin market’s resilience is demonstrated in the Total3 index, which reached a new cycle-high market capitalization of $788 billion on March 14. Although the index has fallen by 14% due to the broader market correction, its plunge is less than BTC in absolute terms.

While altcoins experience remarkable growth, ETH has failed to record substantial gains following the Dencun upgrade on March 13. Analysts said the upgradeBy press time, ETH/BTC prices had moved toward their bear market low of 0.049 BTC, a level tested on January 9, just before the spot Bitcoin exchange-traded funds launch.

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