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Cryptocurrency News Articles
altcoins outperform bitcoin (BTC) despite broader market's struggle with U.S. President Donald Trump's global tariffs.
Apr 14, 2025 at 01:20 pm
Bitcoin (BTC) and other major cryptocurrencies have faced price retracements, but altcoins have outperformed Bitcoin
The past week has been a defining moment for altcoins, as many cryptocurrencies saw impressive gains despite the broader market's struggle with U.S. President Donald Trump's global tariffs.
While Bitcoin (BTC) and other major cryptocurrencies have faced price retracements, the rise of altcoins was one of the biggest stories, outperforming Bitcoin and showcasing resilience in a turbulent market.
Altcoins Surpass Bitcoin in Weekly Gains
Typically, Bitcoin leads the cryptocurrency market. Its price movements often set the tone for the rest of the digital asset class - when Bitcoin rises, most altcoins follow suit, and when Bitcoin falls, altcoins usually experience similar downturns.
However, the past week has bucked this trend, with altcoins outperforming Bitcoin.
According to the latest data from CoinGecko, Bitcoin gained 7.5% over the past seven days, while Ethereum (ETH) saw a rise of 3%. However, altcoins such as Binance Coin (BNB), Solana (SOL), and Cardano (ADA) posted higher percentage gains, with some altcoins outperforming Bitcoin's performance by a significant margin.
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Moreover, several other altcoins achieved even more substantial gains. For instance, Band Protocol (BAND) experienced a surge of over 200%, and STEPN (GMT) soared by more than 100%. These gains highlight the potential for significant returns in the altcoin market, especially in coins with high growth potential and limited supply, which become more valuable as demand increases.
Market Volatility Triggered by Trump's Tariffs
Despite the positive momentum for altcoins, the broader cryptocurrency market struggled after President Donald Trump's statement on tariffs.
His announcement that no country would be exempt from the global tariffs caused fear in the stock markets and sent ripples across the cryptocurrency sector.
Global recession fears rose as investors reacted to the uncertainty surrounding the trade war, which pressured risk assets, including digital currencies.
However, even with the uncertainty in the traditional financial markets, altcoins showed remarkable resilience. Even as Bitcoin's price rolled back on Sunday after Trump's comments, many altcoins maintained strong upward momentum.
This resilience further highlights the growing strength and appeal of alternative cryptocurrencies as they develop beyond the shadow of Bitcoin.
Bitcoin and Ethereum Still Hold Gains
Although altcoins took the spotlight, Bitcoin (BTC) and Ethereum (ETH) are still managing to stay in the green, with Bitcoin leading the market in overall percentage growth over the past week.
This suggests that Bitcoin remains the cornerstone of the cryptocurrency ecosystem, with altcoins typically following Bitcoin's lead, even when they outperform it in certain periods.
For Ethereum, the increase in price, although lower than some altcoins, reflects the growing optimism in the blockchain's ecosystem, particularly with Ethereum 2.0 developments and its dominant position in the decentralized finance (DeFi) space.
Altcoins Show Growing Market Strength
The performance of altcoins in the past week is an indication of their increasing importance and strength in the crypto market.
Coins like BNB, Solana, and Cardano have been gaining attention for their unique use cases, technological advancements, and expanding ecosystems.
As the market matures, investors are increasingly diversifying their portfolios into these altcoins, betting on their long-term potential.
This shift also reflects a broader trend of diversification within the cryptocurrency space, as investors seek assets that may offer higher growth potential beyond Bitcoin, especially in the face of market volatility and macroeconomic uncertainty.
As the global market braces for potential economic turmoil due to trade wars and political uncertainty, altcoins have proven their ability to outperform Bitcoin in the short term.
With the continued development of blockchain technologies and increasing investor interest, these digital assets could play an even more significant role in the evolving crypto landscape. Keep an eye on altcoins as they continue to evolve and redefine the market in 2025 and beyond.
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