Bitcoin has continued to dominate the cryptocurrency market and outperform all categories of altcoins.
On-chain data shows that altcoins are underperforming compared to Bitcoin in terms of market capitalization growth.
The growth ratio between Bitcoin and altcoins has reached a level last seen in October 2023, which might signal a potential buying opportunity for investors.
Bitcoin's price remains around $83,500, while Ethereum has dropped significantly in value in the past few months.