Cryptocurrencies
Bitcoin Marches Away From Crypto Pack in Show of Resiliency
- When crypto sells off, Bitcoin is last coin standing: Gokhman
- Peers fail to shake off losses as well as the original token
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Bitcoin’s rebound is making another rebuttal to those who expect the largest cryptocurrency will be overtaken by the meme-worthy heirs cropping up in droves.
While the original token was able to pare back its losses to just 11% from 31% Wednesday, its peer coins weren’t as lucky. Ether, Dogecoin and Binance Coin all remained down by at least 20% in afternoon trading. That’s half of their earlier losses, but still double the damage compared to Bitcoin. For Bitcoin fans, the moves are yet another sign of its resiliency in the notoriously volatile market.