#AltcoinMomentum

Bitcoin continues to struggle at the critical $100,000 mark, prompting a notable shift in investor attention towards altcoins. Recent trading activity has seen a resurgence in tokens that experienced significant gains during the 2021 bull run, particularly metaverse tokens like Decentraland and Sandbox, which have reported increased trade volumes on platforms such as Upbit.On Friday, November 20, Bitcoin narrowly missed the $100,000 threshold by less than $500, subsequently dropping nearly 5% to $95,719 by November 28. This decline coincides with substantial capital withdrawals from Bitcoin exchange-traded funds (ETFs), with $435.3 million in outflows reported on Monday and an additional $122.8 million on Tuesday, according to data from Farside Investors.

As Bitcoin consolidates, institutional investors are increasingly diverting their focus to Ethereum and other altcoins with the potential for higher returns.