BTC Approaches 110,000 While Altcoins Remain in a Dismal State

Bitcoin (BTC) price is rapidly approaching 110,000, yet altcoins have shown no signs of following suit, which has left many investors puzzled.

In past market environments, altcoins sometimes played the role of safe-haven assets.

But now, with Bitcoin's price so high, altcoins are hard to compare.

Currently, investor sentiment is extremely cautious; facing Bitcoin at such a high price point, they have completely lost the idea of chasing the rise.

Looking back at the previous situation when Bitcoin was in the 80,000 to 90,000 range, whenever Bitcoin saw a pullback, altcoins often experienced a significant drop, usually between 30 to 50 percentage points, just like what happened last week.

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