The Alts are doing very bad
Looking at the alternative coins, such as solana, toncoin, dogecoin and many more, has drop much more than BTC. Tron plummeted to a one-year low of under $0.1
The meme coin sector is also deep in the red, losing almost 30% of its total market capitalization. Some of the poorest performers include Dogecoin, Pepe, Floki Inu, Brett and many others.
Despite the sad performance, there are still some cryptocurrencies that are still doing a bit good in the last 24 hours. Dogwifhat, VeChain and a few risen by 3%
Those alts that have done well must have news events up ahead. Also it is normal that some projects to make a quick recovery after a crash. Such as Layer Zero, which crashed to 2.5$ or close to that and made a rally to 4$ today. A project that has strong support from the community and their team has funds to control their token price easily does well in such an environment. Some of the project haven't made a quick recovery but they are also doing gradual and slow recovery as investors are doing DCA to lower their average.