Bitcoin rises while thousands of old coins disappear
According to a new chart analysis from Alphractal, the number of active cryptocurrencies has decreased significantly, although the Bitcoin price continues to rise.
This market trend, which is based on the data of CoinmarketCap, shows a selection of weaker projects – more than 1,400 old coins are no longer active because they are no longer listed, have a low trading volume, the interest of the community is missing or are exposed as attempts to fraud.
The diagram shows two overlapping metrics: Bitcoins price in black and the number of active cryptocurrencies in blue.
Since the beginning of 2024, the number of projects listed has dropped sharply, which coincides with the steady increase in Bitcoin over $ 100,000. In July 2025, the number of active tokens recorded fell to around 10,000, compared to over 11,400 at the height of the cycle.
Alphractal interprets this divergence on the whole positively. The departure of projects with poor performance or fraudulent projects is seen as a kind of market cleanup in which noise is removed and space for quality is created. In previous cycles, similar declines of the number of tokens have signaled a return to the fundamental data and a new concentration of investors on core values such as Bitcoin and Ethereum.
Analysts believe that this shrinking project pool is positive for cryptocurrency. Since less “zombie” token compete for attention and liquidity, the capital increasingly flows into convincing projects. The resistance of Bitcoin against the background of widespread project failures supports the thesis that Bitcoin remains the anchor from the market for digital assets.
The listing of more than 1.400 coins can also help to restore confidence in the cryptoma markets. Many of the no longer existing tokens were launched during speculative hype phases and could not show any real application cases or development activities. Their distance reduces the confusion for new investors and underlines the importance of duty of care.
In short, Alphractal's report is a good sign: less token, more conviction. While the Bitcoin is increasing and the old coin landscape thinned out, the market seems to be more mature, selective growth phase.
