📊 Down from the Peaks: Bitcoin Nears Record High While Altcoins Face Uphill Battle

As of today, Oct. 6, 2024, the countdown to the end of the year continues, with just 87 days left. Bitcoin ($BTC ) is holding strong at just over $62,000, although it’s still trailing 15.6% below its record high from seven months ago. Meanwhile, ethereum (ETH) is facing a steeper climb, currently priced at $2,432—sitting 50.2% beneath its all-time peak of $4,878.

🔸 With 87 Days Left in 2024, Bitcoin and BNB Lead While Altcoins Lag

Bitcoin is inching ever closer to its all-time high, and it wouldn’t be a shock to see it pass the $73,737 per unit peak soon. Right now, BTC is trading at $62,202 per coin as of 10:30 a.m. EDT on Sunday.

Meanwhile, ethereum (#ETH ), the second-largest crypto, still has a way to go, sitting at $2,432 per unit, which is 50.2% below its all-time high. BNB, however, is a bit nearer to its top, standing just 21.4% lower than its record of $717, trading today at $564.

The top ten crypto assets (excluding stablecoins) by market cap and percentage declines from peak prices as of Oct. 6, 2024.

Solana (#SOL ) is down by 44.3%, priced at $145, compared to its all-time high of $259 reached on Nov. 6, 2021. XRP is currently 84.3% below its peak, trading at $0.534—far from the $3.40 per unit it hit six years ago.

Similarly, dogecoin (#DOGE ) is down significantly, with 84.8% still to climb to reach its record high. Three years ago, DOGE soared to $0.731 per coin, while today it’s at $0.111.

Tron (#TRX ) is exchanging hands for $0.154 per coin, which is 33.2% below its peak of $0.231 from nearly seven years ago. Toncoin (TON) is faring a bit better, down only 36.2%, having hit its highest point just four months ago at $8.25, now trading at $5.27.

As of Oct. 6, cardano (#ADA ) is priced at $0.352, 88.6% lower than its lifetime high of $3.09 set three years ago. Lastly, avalanche (AVAX) is down by 81.5%, currently at $26.86, compared to its previous peak of $144 three years ago.