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TechFlow reported on February 11, according to Glassnode's on-chain data, Bitcoin's market capitalization peaked at $2.1 trillion on January 21, while altcoins (excluding Ethereum and stablecoins) reached their peak of $1.03 trillion on December 8 last year. Since then, Bitcoin's market cap has declined by 8.2%, whereas the altcoin market cap has dropped by 29.8%, indicating a shift in capital preference.
According to on-chain data from Glassnode, Bitcoin's market capitalization peaked at $2.1 trillion on January 21, while altcoins (excluding Ethereum and stablecoins) reached a peak of $1.03 trillion on December 8 last year. Since then, Bitcoin's market cap has declined by 8.2%, whereas the altcoin market cap has dropped by 29.8%, indicating a shift in capital preference.
Navigating Web3 tides with focused insights
