Key Points
- Only a few altcoins have a high correlation with BTC currently.
- Infrastructure coins like ETH are sluggish, while others linked to institutional adoption, stablecoins, and memes have survived.
The correlation between BTC and only a handful of altcoins is currently high.
Coins related to infrastructure, such as Ethereum (ETH), are demonstrating a sluggish performance.
Performance of Different Altcoins
In contrast, altcoins linked to institutional adoption, stablecoins, and memes are showing resilience in the market.
These categories of altcoins have managed to survive despite the volatile nature of the cryptocurrency market.
