Despite global tensions and market uncertainty, Bitcoin remains near its all-time high, mainly because it's increasingly seen as a global, borderless store of value. Institutions and nations are accumulating $BTC , treating it like digital gold, which is why geopolitical risks now often drive its price upward instead of down. Meanwhile, altcoins continue to drop due to weak fundamentals, poor project management, and centralized structures, making them more vulnerable especially in crisis periods.
However, altcoins' low market caps mean they also have the potential for high returns in bullish environments. As long as Bitcoin remains stable and institutional interest grows, strong altcoins could bounce back sharply once the macroeconomic outlook improves. A real bull market is essential before another long bear cycle and that may come by the end of the year.