After a remarkable bull run, the price of bitcoin has begun to decline in the past week. As of the time of writing, Bitcoin has lost nearly 12% against the U.S. dollar over the past seven days. But with its price consistently above $34,000, bitcoin is still well above where it was a month ago.

So, what happened to the altcoin market? Generally speaking, altcoin prices are inevitably affected by the price of Bitcoin, but it is worth noting that its price does not seem to follow BTC's recent downward trend.

Using price data from Messari, we looked at 69 coins—each with a daily reported trading volume of at least $100 million. Of these tokens, only 33% saw a decline against the USD. The remaining 66% of tokens have increased in price over the past week. Of the 46 coins that rose against the dollar, more than half rose by more than 10%.

Among the coins that have fallen in price, Bitcoin has been one of the most dramatic decliners. Only five coins — Wrapped BTC, Dash, Bitcoin SC, Zcash, and Maker — fell more than Bitcoin.

Put another way: 92% of crypto coins have outperformed Bitcoin over the past seven days.

Of course, it’s important to put Bitcoin’s slide relative to other crypto tokens in perspective. First, there's a good chance it's only temporary. Second, Bitcoin has a very, very large downside from losing its No. 1 spot.

, Use data to understand the blockchain.

LongHash, Use data to understand the blockchain.