Altcoins suffer their worst weekend since April – Is Bitcoin taking over?
Photo: AMBCrypto
Altcoin momentum is fading as fewer Binance-listed tokens maintain their long-term uptrends. Between late August and early October, the share trading below the 200-day moving average plunged from 81% to under 10%. However, the latest reading has climbed to 42.4%, showing that selling pressure has returned across the sector. This reversal suggests investors are taking profits and reducing exposure after the recent rally. While Bitcoin [BTC] has recovered toward $81,500, it reinforces its current status as the strongest asset within the altcoin universe.
Source: AMBCrypto
