Bitcoin and Major Cryptocurrencies Gain as Dogecoin and Altcoins Pull Back
Major crypto assets advanced on October 1 while Dogecoin and other speculative tokens lost ground amid shifting market dynamics.
Bitcoin rose 1.3% on October 1, leading gains among major digital assets as Ethereum climbed 0.7%, XRP added 0.6%, and Solana increased 0.3%. At the same time, Dogecoin retreated 4.7% to approximately $0.095, while other alternative tokens like Zcash and NEAR Protocol fell 6.6% and 9.1% respectively.
The divergence reflects capital rotating out of higher-risk altcoins and into primary crypto assets as Bitcoin builds momentum. In late September, Bitcoin's market share had briefly fallen below 60% as investors diversified, but thinner demand in smaller tokens left them exposed to sharper declines when risk appetite cooled.
Over the 90 days leading into October, major cryptocurrencies significantly outpaced smaller peers. Ethereum surged 53%, Solana rose 43%, Bitcoin advanced 33%, and XRP gained 31%, compared to Dogecoin's 22% increase over the same period.
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