Business · Markets · 1 hr ago
Altcoins fall as crypto-market optimism fades
Alternative cryptocurrencies fell by as much as 10% in 24 hours as investors sold after recent price gains.
The declines affected tokens including Near Protocol, Zcash, Hyperliquid and Cardano.
Altcoins are cryptocurrencies other than Bitcoin, and they often move more sharply when investors become cautious.
Bitcoin stayed around $83,000, while concern about US elections, the dollar and government debt weighed on optimism across the crypto market.
A widely followed measure of crypto-market sentiment fell from levels associated with greed to a neutral reading of 55.
Bitcoin's share of the total crypto market rose to 59.8%, while the combined share of altcoins fell to 29.2%.
The figures show investors shifting toward Bitcoin as other cryptocurrencies lose value.
Altcoins fell by as much as 10% in 24 hours as optimism about the crypto market weakened.
Some major altcoins, including Zcash, Hyperliquid, Cardano and Avalanche, lost around 5% over that period.
Bitcoin held around $83,000, while its share of the total crypto market rose to 59.8%.
The market’s fear and greed index stood at 55, in neutral territory.
- Who
- Investors in cryptocurrencies other than bitcoin were taking profits.
- What
- Altcoins fell by as much as 10% in 24 hours, while bitcoin traded flat.
- When
- The declines were reported on October 13, 2026, covering the previous 24 hours.
- Where
- In the cryptocurrency market.
- Why
- The article linked the falls to profit-taking and weaker optimism about the crypto market, amid uncertainty over the US elections, the dollar and debt.
This story does not have two clearly opposing sides.
The crypto market’s fear and greed index remained above 60, a level associated with greed.
The index fell below 60 and entered neutral territory.
The index stood at 55 as altcoins continued to fall and bitcoin traded flat.
- Near Protocol
- Fell by as much as 10% in 24 hours
- Bitcoin
- Traded at $83,000
- Bitcoin market share
- 59.8%
- Crypto fear and greed index
- 55 points
- Altcoin market share
- 29.2%
What people are saying
The greater volatility of alternative cryptocurrencies compared with bitcoin can become a drag at times of greater caution toward the crypto market.
Sources
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