#ETHMarketWatch BTC Holds Strong Below ATH — Altcoins Still Playing Catch-Up$

After hitting a new all-time high at $112,000, Bitcoin has dropped down to $107,000 as bulls seek short-term support. This decision comes amid rising trade tensions and high US Treasury rates that continue to worry conventional markets. Even though the pullback occurred, many investors saw it as a good correction in an upswing.

Daan notes a major difference between Bitcoin and the crypto market. The TOTAL Altcoin Market Cap is more than 30% below its 2021 highs, even though BTC has soared. Bitcoin is clearly stronger in this cycle than altcoins, which continue to trail despite recent rallies.

Daan stresses a TOTAL chart horizontal resistance level in his technical analysis. Altcoins may underperform Bitcoin until that barrier is breached. BTC has outperformed the market during this cycle, and until a fundamental change happens, this tendency may continue.$ETH $BNB $BTC