Bitcoin (EXANTE: Bitcoin) was the top performing cryptocurrency in the last three months, despite the mega-rally earlier this year in so-called alternative coins, or Altcoins, CNBC reports.
Out of the top five cryptcurrencies by market capitalization, Bitcoin reigned supreme in the third quarter. The digital currency was up 74%.
Bitcoin Cash (EXANTE: Bitcoin.Cash) was not included as it was not trading for the entire quarter.
In contrast other Altcoins were not as successful.
Ethereum (ETH/USD) went from $282.32 to $302.04, rising just over 8%.
Ripple fell from $0.26 to $0.19, declining 26.9%, while Litecoin (LTC/USD) rose from $40.4 to $55.1, rallying 36.5%.
The third quarter marked a sharp contrast to the June quarter as people shifted away from Altcoins back into Bitcoin.
"There was risk in the Altcoins, people thought they were overvalued and cycled back into Bitcoin as a more sensible store of value," Charlie Hayter, CEO of industry analysis website CryptoCompare, told CNBC.
Still, some of the smaller Altcoins saw impressive rallies last quarter.
For example, Dash, which has a total value of $2.3 billion compared to Bitcoin's $73.1 billion, was up 82%, according to Coinmarketcap.com data.