BTC outperformed the top 100 altcoins as its dominance persisted amid uneven broader market growth.
Bitcoin rose 9.2% in July, outpacing the average and median returns of the top 100 altcoins. The gain extended BTC’s dominance in the crypto market despite an 8.8% increase in the combined market capitalization of altcoins.
Most altcoin growth was concentrated in a few tokens, including LDO, UNI, and UB. While the broader market showed improvement, Bitcoin remained the primary driver of momentum, reinforcing its leading position.
No immediate market reaction was specified, but the trend underscores Bitcoin’s continued strength relative to alternative cryptocurrencies.