One Crypto Sector Is Up 213% While the Rest Struggles

Privacy coins are up 213% since Bitcoin (BTC) peaked last October. Every other crypto sector is down, according to on-chain analytics firm Glassnode.

The median coin in the top 200 is 58% cheaper than it was that day. Bitcoin itself still trades 36% below its own record.

Privacy Coins Are the Only Sector Above the High

Glassnode tracks 10 sectors, scoring each against its price on October 6, 2025, the day Bitcoin topped out at $126,199 on Binance.

Privacy is the only green bar on the chart. DeFi is the best of the losers, down 27%. Gaming is the worst, down 74%.

Last month was kind to almost everything, with all 10 sectors rising.

Still, privacy coins led that leg too with a 90% gain. Therefore, the ranking did not change, with only 9% of the top 200 sitting above their October price, even after that broad bounce.

So the altcoin season never arrived in the shape holders wanted. Money picked one theme and stayed there.

Zcash Is Doing Almost All the Work

Privacy coins were worth $7.1 billion a year ago. Glassnode now values the group at $33.6 billion, just above Tron (TRX), the eighth-largest crypto. Zcash (ZEC) supplies most of that. It trades near $1,180 and ranks ninth by market value at $19.9 billion.

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