Bitcoin falls, most alts rise against the trend

Recently, Bitcoin prices have experienced a pullback, dropping nearly 12% in the past 7 days. Nevertheless, Bitcoin prices remain above $34,000, showing a significant rise compared to a month ago.

It is worth noting that most altcoins do not seem to follow the downward trend of Bitcoin. According to statistics from a certain data platform, among the 69 tokens with a daily trading volume of over 100 million, only 33% experienced a fall, while 66% of the tokens achieved a rise in the past week. Among these 46 rising tokens, more than half saw an increase of over 10%.

Among the falling tokens, Bitcoin has one of the largest declines. Only five tokens have fallen more than Bitcoin, namely Wrapped BTC, Dash, Bitcoin SC, Zcash, and Maker. In other words, 92% of cryptocurrencies have performed better than Bitcoin in the past week.

However, we need to view this phenomenon rationally. Firstly, it may just be a temporary market fluctuation. Secondly, Bitcoin is still far ahead of other cryptocurrencies. Although Ethereum has risen by more than 22% recently, even if its market value quadruples, it still cannot surpass Bitcoin.

For investors, the strategy to maximize returns is to maintain long-term holdings as long as there are no fundamental changes in the asset's fundamentals. Short-term market fluctuations should not overly influence investment decisions. As the cryptocurrency market continues to develop, we need to focus on long-term trends and fundamental factors, rather than being swayed by short-term price fluctuations.