BTC failed to breach its all-time highs and fell by 2%, which indicates the market sentiment in the near short term. However, an analysis of price trends from 2011 till now shows that BTC has given a 104% CAGR, beating both the US stock market and Warren Buffett’s portfolio in returns.
The broader altcoin market is displaying a downward trend. The recently launched memecoin NOT suffered the most, down 14% as traders booked profits in the TON’s top memecoin. Another famous memecoin, PEPE, was down 9%, with 24-hour overall crypto market liquidations reaching more than $150 million as per the data from Coinglass.
