Crypto Analyst Says Altcoin Market Resilience a ”Potential Regime Change”

Altcoins remain relatively bullish despite Bitcoin's recent sell-off, as analysts say there is a shift in how investors protect their capital amid market uncertainty.
On the 11th (local time), an analyst at cryptocurrency exchange Bitfinex wrote in a report dated the 9th that "investors are looking for value in altcoins,
"These changes suggest a departure from the typical pattern of Bitcoin flocking to the downside."
Analysts say the altcoin market is showing resilience,
He noted the recent price drop of Bitcoin. According to CoinMarketCap data, Bitcoin fell to $52,827 on the 7th, down 10.8% from the previous 7 days.
It has since recovered slightly to the $56,000 range, but is still below $60,000, a level it has not reached since August 30.
Analysts say Bitcoin market share falls by 1.3% despite price drop
However, the market capitalization of all cryptocurrencies outside the top 10 grew by 4.4%. At the time of writing, according to TradingView data, Bitcoin
The cryptocurrency’s market share was 57.33%, down 0.50% from last week. This puts it close to 60%, according to Into The CryptoVerse founder Benjamin
Cowen called it a "final move for Bitcoin shares."