{"id":473554,"date":"2021-10-12T15:28:47","date_gmt":"2021-10-12T15:28:47","guid":{"rendered":"https:\/\/wncen.com\/?p=473554"},"modified":"2024-06-11T13:59:24","modified_gmt":"2024-06-11T13:59:24","slug":"bitcoin-continues-outperform-altcoins","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-continues-outperform-altcoins\/","title":{"rendered":"Bitcoin Shocktober Continues To Outperform Altcoins En Masse"},"content":{"rendered":"<p>In the crypto top 10 by market cap, Bitcoin reigns supreme with no other cryptocurrency close to matching its performance in the daily (-1%) and weekly (16.6%) charts. While BTC\u2019s price trades at $57,415, near its previous highs before May\u2019s crash, the altcoin market lags.<\/p>\n<figure id=\"attachment_473572\" aria-describedby=\"caption-attachment-473572\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-473572 size-large\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/Bitcoin-BTC-BTCUSD-5.png?resize=860%2C495\" alt=\"Bitcoin BTC BTCUSD\" width=\"860\" height=\"495\"><figcaption id=\"caption-attachment-473572\" class=\"wp-caption-text\">BTC with minor losses in the daily chart. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/a4lKch7J\/?symbol=BITSTAMP%3ABTCUSD\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD Tradingview<\/a><\/figcaption><\/figure>\n<p>The second cryptocurrency by market cap, Ethereum (ETH), records a 3.9% loss in the daily and only a 2% profit in the weekly chart. In the meantime, ADA (-4.7%), XRP (-5.7%), SOL (-5.4%), DOT (-6%) are in the red alongside other major coins.<\/p>\n<p style=\"text-align: center\"><strong><em>Related Reading <\/em><em>| <\/em><a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-over-100000-still-possible\/\">Bitcoin Over $100,000 Is Still Possible By Year-End, Says Research Analyst<\/a><\/strong><\/p>\n<p>In higher timeframes, Bitcoin widened the performance margin with the rest of the crypto market, according to a recent report by Arcane Research. Up 41% over that period, the research firm claims the \u201cBitcoin Season has started\u201d.<\/p>\n<p>Know by traders and veteran operators as a period in the cycle when Bitcoin outperforms every other asset, it is believed to precede a bullish bull-run in altcoins.<\/p>\n<p>As seen below, BTC has more returns than Arcane\u2019s Large Cap Index only up 21% in the 30-day chart. This could lead to more appreciation for Bitcoin as operators fuel a \u201cloop\u201d, as the research firm called it\u201d, where either BTC or some altcoins outperform:<\/p>\n<blockquote><p>(\u2026) the cryptocurrency market periodically switches between overperformance of altcoins (altcoin season) and overperformance of bitcoin (bitcoin season). Historically, when retail traders have observed that bitcoin starts to beat their altcoin holdings, they have not been late in dumping their altcoins for bitcoin instead (\u2026).<\/p><\/blockquote>\n<figure id=\"attachment_473571\" aria-describedby=\"caption-attachment-473571\" style=\"width: 845px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-473571 size-full\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/Bitcoin-BTC-BTCUSD-8.jpg?resize=845%2C490\" alt=\"Bitcoin BTC BTCUSD\" width=\"845\" height=\"490\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/Bitcoin-BTC-BTCUSD-8.jpg?w=845 845w, https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/Bitcoin-BTC-BTCUSD-8.jpg?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/Bitcoin-BTC-BTCUSD-8.jpg?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/Bitcoin-BTC-BTCUSD-8.jpg?w=750 750w\" sizes=\"(max-width: 845px) 100vw, 845px\"><figcaption id=\"caption-attachment-473571\" class=\"wp-caption-text\">Source: Arcane Research<\/figcaption><\/figure>\n<h2>Bitcoin Takes Back The Crown As It Prepares For More Gains<\/h2>\n<p>Additional data <a href=\"https:\/\/twitter.com\/Delphi_Digital\/status\/22171904?s=20\" target=\"_blank\" rel=\"noopener nofollow\">provided<\/a> by research and consulting firm Delphi Digital indicates that only 4 cryptocurrencies out of the first 100 listed by CoinGecko have been able to outperform Bitcoin in the daily chart. In the last 2 weeks, only 12 have achieved something similar.<\/p>\n<p style=\"text-align: center\"><strong><em>Related Reading <\/em><em>| <\/em><a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-with-spike-on-chain-activity\/\">Bitcoin Retakes May Highs With Spike In On-Chain Activity, Next Target $60K?<\/a><\/strong><\/p>\n<p>Moreover, the research firm records a pattern in the Bitcoin and Ethereum Open Interest (OI) for their futures. The first and second cryptocurrencies by market cap have been \u201cmirroring each other\u201d since Q3, 2021, until very recently.<\/p>\n<p>As seen below, October brought a change in that dynamic with the ETH (OI) diverging from BTC\u2019s. However, Delphi Digital noted that the latter is still away from May\u2019s highs and, therefore, not in a FOMO state. The research firm added:<\/p>\n<blockquote><p>Since May 2021, crypto-margined futures have been on a multi-month downtrend as cash-margined futures gain a significant share of futures OI. One of the main implications of this is reduced directional convexity.<\/p><\/blockquote>\n<figure id=\"attachment_473570\" aria-describedby=\"caption-attachment-473570\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-473570 size-large\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/Bitcoin-BTC-BTCUSD-7.jpg?resize=860%2C484\" alt=\"Bitcoin BTC BTCUSD\" width=\"860\" height=\"484\"><figcaption id=\"caption-attachment-473570\" class=\"wp-caption-text\">Source: Delphi Digital via Twitter<\/figcaption><\/figure>\n<p>As NewsBTC reported yesterday, there has been an uptick in BTC\u2019s on-chain activity that suggests an increase in institutional participation.<\/p>\n<p>The potential approval of a Bitcoin ETF by the U.S. Securities and Exchange Commission could operate as a bullish catalyzer to finally provide the bulls with enough momentum to reach new highs.<\/p>\n<p style=\"text-align: center\"><strong><em>Related Reading <\/em><em>| <\/em><a href=\"https:\/\/wncen.com\/news\/bitcoin\/on-chain-bitcoin-miners-selling-btc\/\">On-Chain Data Shows Bitcoin Miners Hold Off On Selling Despite BTC Rallying Above $57k<\/a><\/strong><\/p>\n<p>On the contrary, it could also become a \u201cbuy the rumor, sell the news\u201d event potentially marking the top of the current cycle. This could be beneficial for the altcoin market, in the mid-term.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the crypto top 10 by market cap, Bitcoin reigns supreme with no other cryptocurrency close to matching its performance in the daily (-1%) and weekly (16.6%) charts. While BTC\u2019s price trades at $57,415, near its previous highs before May\u2019s crash, the altcoin market lags. The second cryptocurrency by market cap, Ethereum (ETH), records a 3.9% loss in the daily and only a 2% profit in the weekly chart. In the meantime, ADA (-4.7%), XRP (-5.7%), SOL (-5.4%), DOT (-6%) are in the red alongside other major coins. Related Reading | Bitcoin Over $100,000 Is Still Possible By Year-End, Says Research Analyst In higher timeframes, Bitcoin widened the performance margin with the rest of the crypto market, according to a recent report by Arcane Research. Up 41% over that period, the research firm claims the \u201cBitcoin Season has started\u201d. Know by traders and veteran operators as a period in the cycle when Bitcoin outperforms every other asset, it is believed to precede a bullish bull-run in altcoins. As seen below, BTC has more returns than Arcane\u2019s Large Cap Index only up 21% in the 30-day chart. This could lead to more appreciation for Bitcoin as operators fuel a \u201cloop\u201d, as the research firm called it\u201d, where either BTC or some altcoins outperform: (\u2026) the cryptocurrency market periodically switches between overperformance of altcoins (altcoin season) and overperformance of bitcoin (bitcoin season). Historically, when retail traders have observed that bitcoin starts to beat their altcoin holdings, they have not been late in dumping their altcoins for bitcoin instead (\u2026). Bitcoin Takes Back The Crown As It Prepares For More Gains Additional data provided by research and consulting firm Delphi Digital indicates that only 4 cryptocurrencies out of the first 100 listed by CoinGecko have been able to outperform Bitcoin in the daily chart. In the last 2 weeks, only 12 have achieved something similar. Related Reading | Bitcoin Retakes May Highs With Spike In On-Chain Activity, Next Target $60K? Moreover, the research firm records a pattern in the Bitcoin and Ethereum Open Interest (OI) for their futures. The first and second cryptocurrencies by market cap have been \u201cmirroring each other\u201d since Q3, 2021, until very recently. As seen below, October brought a change in that dynamic with the ETH (OI) diverging from BTC\u2019s. However, Delphi Digital noted that the latter is still away from May\u2019s highs and, therefore, not in a FOMO state. The research firm added: Since May 2021, crypto-margined futures have been on a multi-month downtrend as cash-margined futures gain a significant share of futures OI. One of the main implications of this is reduced directional convexity. As NewsBTC reported yesterday, there has been an uptick in BTC\u2019s on-chain activity that suggests an increase in institutional participation. The potential approval of a Bitcoin ETF by the U.S. Securities and Exchange Commission could operate as a bullish catalyzer to finally provide the bulls with enough momentum to reach new highs. Related Reading | On-Chain Data Shows Bitcoin Miners Hold Off On Selling Despite BTC Rallying Above $57k On the contrary, it could also become a \u201cbuy the rumor, sell the news\u201d event potentially marking the top of the current cycle. This could be beneficial for the altcoin market, in the mid-term.<\/p>\n","protected":false},"author":535,"featured_media":467868,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144],"class_list":["post-473554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd"],"acf":[],"yoast_head":"\n<title>Bitcoin Shocktober Continues To Outperform Altcoins En Masse<\/title>\n<meta name=\"description\" content=\"In the crypto top 10 by market cap, Bitcoin reigns supreme with no other cryptocurrency close to matching its performance in the daily (-1%) and weekly\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/bitcoin-continues-outperform-altcoins\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Shocktober Continues To Outperform Altcoins En Masse\" \/>\n<meta property=\"og:description\" content=\"In the crypto top 10 by market cap, Bitcoin reigns supreme with no other cryptocurrency close to matching its performance in the daily (-1%) and weekly\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-continues-outperform-altcoins\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-12T15:28:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:59:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/07\/bitcoin-1.jpeg?fit=2000%2C1333\" \/>\n\t<meta property=\"og:image:width\" content=\"2000\" \/>\n\t<meta property=\"og:image:height\" content=\"1333\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Reynaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@rl_m\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Reynaldo Marquez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-continues-outperform-altcoins\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-continues-outperform-altcoins\/\"},\"author\":{\"name\":\"Reynaldo Marquez\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d\"},\"headline\":\"Bitcoin Shocktober Continues To Outperform Altcoins En Masse\",\"datePublished\":\"2021-10-12T15:28:47+00:00\",\"dateModified\":\"2024-06-11T13:59:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-continues-outperform-altcoins\/\"},\"wordCount\":576,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-continues-outperform-altcoins\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/07\/bitcoin-1.jpeg?fit=2000%2C1333\",\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-continues-outperform-altcoins\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin-continues-outperform-altcoins\/\",\"name\":\"Bitcoin Shocktober Continues To Outperform Altcoins En Masse\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-continues-outperform-altcoins\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-continues-outperform-altcoins\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/07\/bitcoin-1.jpeg?fit=2000%2C1333\",\"datePublished\":\"2021-10-12T15:28:47+00:00\",\"dateModified\":\"2024-06-11T13:59:24+00:00\",\"description\":\"In the crypto top 10 by market cap, Bitcoin reigns supreme with no other cryptocurrency close to matching its performance in the daily (-1%) and weekly\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-continues-outperform-altcoins\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-continues-outperform-altcoins\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-continues-outperform-altcoins\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/07\/bitcoin-1.jpeg?fit=2000%2C1333\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/07\/bitcoin-1.jpeg?fit=2000%2C1333\",\"width\":2000,\"height\":1333,\"caption\":\"Picture of a bitcoin with a gold hue\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-continues-outperform-altcoins\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Shocktober Continues To Outperform Altcoins En Masse\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d\",\"name\":\"Reynaldo Marquez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g\",\"caption\":\"Reynaldo Marquez\"},\"description\":\"A literature major, Reynaldo M\u00e1rquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/\",\"https:\/\/x.com\/rl_m\"],\"url\":\"https:\/\/wncen.com\/author\/reynaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Shocktober Continues To Outperform Altcoins En Masse","description":"In the crypto top 10 by market cap, Bitcoin reigns supreme with no other cryptocurrency close to matching its performance in the daily (-1%) and weekly","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/bitcoin-continues-outperform-altcoins\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Shocktober Continues To Outperform Altcoins En Masse","og_description":"In the crypto top 10 by market cap, Bitcoin reigns supreme with no other cryptocurrency close to matching its performance in the daily (-1%) and weekly","og_url":"https:\/\/wncen.com\/news\/bitcoin-continues-outperform-altcoins\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2021-10-12T15:28:47+00:00","article_modified_time":"2024-06-11T13:59:24+00:00","og_image":[{"width":2000,"height":1333,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/07\/bitcoin-1.jpeg?fit=2000%2C1333","type":"image\/jpeg"}],"author":"Reynaldo Marquez","twitter_card":"summary_large_image","twitter_creator":"@rl_m","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Reynaldo Marquez","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/bitcoin-continues-outperform-altcoins\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bitcoin-continues-outperform-altcoins\/"},"author":{"name":"Reynaldo Marquez","@id":"https:\/\/wncen.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d"},"headline":"Bitcoin Shocktober Continues To Outperform Altcoins En Masse","datePublished":"2021-10-12T15:28:47+00:00","dateModified":"2024-06-11T13:59:24+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-continues-outperform-altcoins\/"},"wordCount":576,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-continues-outperform-altcoins\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/07\/bitcoin-1.jpeg?fit=2000%2C1333","keywords":["bitcoin","btc","btcusd"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2021","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bitcoin-continues-outperform-altcoins\/","url":"https:\/\/wncen.com\/news\/bitcoin-continues-outperform-altcoins\/","name":"Bitcoin Shocktober Continues To Outperform Altcoins En Masse","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-continues-outperform-altcoins\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-continues-outperform-altcoins\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/07\/bitcoin-1.jpeg?fit=2000%2C1333","datePublished":"2021-10-12T15:28:47+00:00","dateModified":"2024-06-11T13:59:24+00:00","description":"In the crypto top 10 by market cap, Bitcoin reigns supreme with no other cryptocurrency close to matching its performance in the daily (-1%) and weekly","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bitcoin-continues-outperform-altcoins\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bitcoin-continues-outperform-altcoins\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bitcoin-continues-outperform-altcoins\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/07\/bitcoin-1.jpeg?fit=2000%2C1333","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/07\/bitcoin-1.jpeg?fit=2000%2C1333","width":2000,"height":1333,"caption":"Picture of a bitcoin with a gold hue"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bitcoin-continues-outperform-altcoins\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Shocktober Continues To Outperform Altcoins En Masse"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d","name":"Reynaldo Marquez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g","caption":"Reynaldo Marquez"},"description":"A literature major, Reynaldo M\u00e1rquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/wncen.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Shocktober Continues To Outperform Altcoins En Masse","url":"http:\/\/wncen.com\/news\/bitcoin-continues-outperform-altcoins\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-continues-outperform-altcoins\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/07\/bitcoin-1.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/07\/bitcoin-1.jpeg?fit=2000%2C1333"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd"],"dateCreated":"2021-10-12T15:28:47Z","datePublished":"2021-10-12T15:28:47Z","dateModified":"2024-06-11T13:59:24Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Shocktober Continues To Outperform Altcoins En Masse\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-continues-outperform-altcoins\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-continues-outperform-altcoins\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/bitcoin-1.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/bitcoin-1.jpeg?fit=2000%2C1333\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\"],\"dateCreated\":\"2021-10-12T15:28:47Z\",\"datePublished\":\"2021-10-12T15:28:47Z\",\"dateModified\":\"2024-06-11T13:59:24Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/07\/bitcoin-1.jpeg?fit=2000%2C1333","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/473554"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=473554"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/473554\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/467868"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=473554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=473554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=473554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}