Bitcoin’s price crash exposes painful truth – crypto market still dances to BTC’s tune
A decade ago, the crypto market was straightforward: When bitcoin surged, some 500 or more alternative cryptocurrencies followed suit; when it plunged, the entire market crashed. Portfolios spread across “diverse tokens” with unique use cases looked diversified on paper, but cratered during the bitcoin slides.
Fast forward to 2026, and very little has changed, even though the number of altcoins has increased to several thousand.
Despite institutions supposedly painting crypto as a multifaceted asset class akin to stocks, with each project boasting distinct investment appeal, the reality is grim. The market’s still a one-trick pony, following BTC up and down, offering no real diversification.
The year-to-date price action…
