Crypto Altcoins Are Outperforming With Bitcoin ‘Gravitating’ Toward $50,000
- Cardano, Solana and Avalanche are leading ‘altcoins’ higher
- Bitcoin has surged more than 60% since the middle of October
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Smaller, lesser-known digital currencies are outperforming Bitcoin after the breathtaking surge by the market bellwether in recent weeks.
Cardano surged as much as 30% on Friday, while Solana gained about 8% and Avalanche increased 12%. Meanwhile, Bitcoin was up about 2% and Ether was down around 1%. Combined, the two largest tokens account for about 70% of crypto’s $1.6 trillion market capitalization.