TechFlow reports, 10x Research released a new report stating that altcoins are in a bear market. After analyzing 115 tokens, the average cryptocurrency has dropped 50% from its peak in March 2024. These losses could deepen unless liquidity in the crypto market improves.
Bitcoin (-11%) and Ethereum (-13%) have performed relatively well, likely benefiting from smarter traders rotating into these two assets from altcoins—a trend observed in the past two cycles.
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