Market Wrap: Bitcoin Options Lean Bearish as Some Altcoins Outperform

BTC is roughly flat over the past week, compared with a 1% drop in ether (ETH), a 5% rise in Solana’s SOL token, and a 38% rise in Avalanche’s AVAX token over the same period. The wide dispersion in crypto returns this week suggests that investor appetite for risk remains strong. Typically, the overall crypto market begins to trend higher when alternative cryptocurrencies (altcoins) start to outperform bitcoin.