Цінова динаміка біткойна завжди впливала на ширший криптовалютний ринок, часто тягнучи за собою альткойни. Історично склалося так, що кожного разу, коли біткойн піднімається до нових максимумів, Ethereum (ETH), Solana (SOL) та інші альткоїни зазвичай наслідують цей приклад, а їхні ціни стрімко зростають. Однак останні дані малюють іншу картину: кожного разу, коли біткойн досяг позначки в 70 000 доларів, ключові альткоїни демонстрували зменшення підтримки, що свідчить про зміну динаміки ринку.

Ця тенденція спонукає інвесторів і аналітиків сумніватися, чи не спричиняє домінування біткойна альткоїни неефективності, і чи тепер ці альткоїни більш чутливі до унікального тиску, з яким біткойн не стикається.

1. Bitcoin’s Repetitive Peaks: Diminishing Returns for ETH

Since Bitcoin first touched the £70,000 mark, Ethereum's reaction to this milestone has progressively weakened. Observing the last four times Bitcoin has reached this price:

  • First £70,000: $ETH reached a high of £4,000.

  • Second £70,000: ETH dipped slightly to £3,900.

  • Third £70,000: ETH further dropped to £3,300.

  • Fourth £70,000: ETH has now fallen to £2,500.

Ethereum’s decreased performance each time Bitcoin peaks suggests a decoupling trend. This may be due to increased competition from alternative Layer-1 solutions like Solana and Polygon, which have offered scalability and speed advantages. Additionally, Ethereum’s ongoing transition to ETH 2.0 has kept investors uncertain, as scalability improvements and other upgrades have yet to fully materialize.

2. Solana’s Struggle to Keep Up with Bitcoin

Solana, a blockchain recognized for its high speed and low transaction fees, has been another prominent altcoin in Bitcoin’s shadow. Solana’s reactions to Bitcoin’s peaks have followed a similar trend to Ethereum, though slightly less dramatic:

  • First £70,000: $SOL traded at £150.

  • Second £70,000: SOL climbed to £188.

  • Third £70,000: SOL reached £193.

  • Fourth £70,000: SOL remains around £182.

The small fluctuations indicate that while Solana has managed to hold relatively steady, it is struggling to surpass its previous highs. This performance may be due to factors like network outages and increased competition within the Layer-1 ecosystem. Investors may also be viewing SOL’s stability as a reason to diversify into more established cryptocurrencies or promising new projects.

$BTC ’s journey to £70,000 remains a defining metric in the crypto space. However, each revisit to this peak is painting a clearer picture of an evolving market dynamic: a decoupling of Bitcoin from the altcoin market. As the crypto market matures, this divergence may become more pronounced, reshaping investor strategies and the role that altcoins play in portfolios. For now, Bitcoin appears to be in the driver’s seat, and altcoins are left to adapt or risk being left behind in its wake.