Bitcoin Outperformed Top‑100 Altcoins; TOTAL2 Could Drop 50%

Bitcoin has outperformed almost all of the top‑100 alternative cryptocurrencies measured from 2020. A weekly chart that indexes those 100 coins to a base value of 100 shows Bitcoin rising toward 1,000 on a logarithmic scale while most of the group fell to 10, 1 or lower in Bitcoin terms. Terra Luna Classic recorded the largest decline on that chart.

The chart compares each altcoin’s price to Bitcoin rather than to the U.S. dollar, showing relative performance between 2020 and the present. That pattern reflects that many former leaders lost between 90% and 99% of value when measured against Bitcoin.

At the time of the charts, Bitcoin traded near $61,228, down about 2% on the day and roughly 44% over the past year. Over the last 30 days Bitcoin fell about 24% while Ethereum fell about 31%.

A second weekly chart tracks TOTAL2, the combined market capitalization of non‑Bitcoin cryptocurrencies. The most recent TOTAL2 peak printed at $1.77 trillion. In prior cycles TOTAL2 fell 92% over 49 weeks in 2018 and 75% over 31 weeks in 2021–22. Those two declines average about 40 weeks.

Applying a 75% decline to the $1.77 trillion peak produces a level near $436 billion. TOTAL2 was near $864.7 billion at the time of the chart, below a recently lost level of $942.62 billion and above a support shelf near $494.05 billion and the 2022 bottom at $427.57 billion. A move to $436 billion would breach that shelf and retest the 2022 low. The timing from the cycle top corresponds to mid‑July 2026, roughly 40 weeks after the peak.

Market participants cite rising Bitcoin dominance as a factor reallocating capital away from altcoins. Flows into spot Bitcoin exchange‑traded funds and broader macroeconomic conditions are identified as variables that may affect the pace or depth of changes in the altcoin market. A weekly close above $942.62 billion would return TOTAL2 above the level it most recently lost.