Altcoins Face Steep Losses: Over 60% Down in the Last Year

Recent data from Arkham Insights highlights a challenging period for altcoin investors. A staggering 60% of these cryptocurrencies have lost over 60% of their value in the past year, underscoring a significant downturn in the market. This bearish trend contrasts sharply with Bitcoin’s stability at around $110,238, which has remained relatively unchanged despite the altcoin decline. Arkham’s Alt Season Index currently sits at 40%, indicating that no clear momentum shift towards dominant altcoins is emerging.