Joe Weisenthal, co-host of a prominent podcast, has commented on the resilience of the cryptocurrency market. He described its performance as “impressive,” highlighting the contrast between the current state of altcoins and their peak in 2021.

Over the past year, Bitcoin’s market cap has experienced significant growth, while Ethereum’s dominance has sharply decreased to around 10%. Despite a recent severe correction in the cryptocurrency market, where major altcoins fell approximately 15% in a single day, the total market cap remains close to $3 trillion.

In comparison, many SPACs have seen declines of 80% to 90% from their IPO prices. This underscores the relative strength of cryptocurrencies amid ongoing market volatility.

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