Despite Significant Selling Pressure on Bitcoin, the Biggest Crypto Asset Outperformed Most Other Altcoins

Despite significant selling pressure on Bitcoin, the biggest crypto asset outperformed most other altcoins. Out of the top 100 altcoins, only 16 outperformed Bitcoin in that period. Among them, XRP, BERA, Monero, and Trump token stand out.

Bitcoin has been lagging most other crypto assets. Out of the top 100 altcoins, only 16 outperformed Bitcoin in that period. Among them, XRP, BERA, Monero, and Trump token stand out.

On Monday, March 10, Bitcoin’s price dropped to $81,909, indicating a broader negative trend in the crypto market. The White House ‘crypto summit’, which was supposed to boost the markets, had little impact on traders.

As a result, Bitcoin faced a 16% setback in the last 90 days. However, despite this negative performance, Bitcoin managed to strengthen its dominance over altcoins.

In the past three months, only 16 out of 100 tokens outperformed Bitcoin. Berachain, XRP, Monero, and Trump Token were among the few to outperform the biggest crypto.

Berachain (BERA) was the best-performing token during that period. It launched in February at $1 per coin and saw a 497.39% price increase.

Bitget token (BGB) also rose by 70% during that period, reflecting strong revenues after the most recent bull market cycle.

Donald Trump’s memecoin also increased by 70% and is the only memecoin that has seen positive returns in the last 90 days.

In comparison, Dogecoin fell by 58%, while Bonk, Wif, and Floki meme coins lost 70%-80% of their value.

Other major assets that outperformed Bitcoin were Monero and XRP. Coinmarketcap data shows the Monero price was up 15.76%, continuing a positive trend from last year.

At the same time, XRP faced a 4.3% downturn, still outperforming Bitcoin’s performance in the last three months.

Trump, Monero, XRP to Lead Altcoin Season?

Bitcoin’s current downturn is leading to increased dominance, which aligns with historical trends. Currently, Bitcoin’s dominance stands at 61.2%, indicating that Bitcoin constitutes 61.2% of the total crypto market cap.

Typically, Altcoin Seasons follow a period of strong Bitcoin performance. This occurs because Bitcoin traders often reinvest their profits into altcoins.

Currently, XRP, Monero, and Trump are well-positioned to attract these investments once the Bitcoin markets show signs of recovery.

Due to the latest halving event in April 2024, Bitcoin is expected to experience a major rally in 2025. When this happens, the Altcoin Season is expected to gain momentum.