Bitcoin’s Surge Fuels Market Purge: Over 10% of Cryptocurrencies Vanish

The crypto market is undergoing a major shakeup as Bitcoin’s surge pushes out less-liquid and outdated altcoins, leading to a significant drop in the number of active digital currencies. According to data from CoinMarketCap, over 10% of all active cryptocurrencies have vanished since April 2025, marking one of the largest asset purges witnessed in recent history. This trend coincides with Bitcoin’s climb towards its $130,000 resistance point, indicating a strong correlation between price movement and ecosystem consolidation.