Bitcoin is now a ‘safe-haven coin’ of the crypto market, Octa broker says
KUALA LUMPUR, MALAYSIA –
Media OutReach Newswire – 28 May 2025 – According to Coinbase’s April 2025 Monthly Outlook, the total crypto market capitalisation (excluding Bitcoin) has fallen by 41% from $1.6 trillion in December 2024 to $950 billion in early April 2025. This was the
sharpest decline in over two years, pulling valuations below levels seen throughout most of the 2021–2022 cycle. However, the sell-off was far from uniform. While Bitcoin has shed less than 20% at the beginning of April, altcoins have experienced a 41% wipeout, underscoring a distinct capital flight towards more established digital assets.
Most recently, Bitcoin has managed to recover and even set a new all-time high, surpassing the critical…
