Bitcoin is struggling to break past $100K, and altcoins are taking a hit – leaving many traders wondering what’s next. The market is still reeling from the effects of Trump’s trade war, triggering a sell-off that sent most altcoins tumbling. While Bitcoin has managed to recover slightly, now trading at $97K, altcoins like Ethereum, XRP, Solana, Dogecoin, and Cardano are still under heavy selling pressure, dropping 3-4% today.
With institutional money flowing into Bitcoin and altcoins losing steam, many are questioning whether an altseason is even on the horizon. Let’s break down what’s really happening in the market.
Crypto analyst CryptexGuy explains that Bitcoin has followed predictable cycles in the past. Before 2019, Bitcoin was still in its early growth stage, suffering an 88% crash before surging by 12,000%. Altcoins mirrored this volatility.
Between 2018 and 2021, Bitcoin fell about 85% but later rebounded with a massive 2,000% gain. The COVID-19 pandemic played a key role in this rally, as people turned to crypto for new income opportunities. The rise of NFTs and Ethereum’s expanding ecosystem further fueled the market. However, as economies reopened and people returned to traditional jobs, both Bitcoin and altcoins lost momentum.
In this cycle, Bitcoin dropped nearly 77%, impacted by the end of COVID lockdowns and the collapse of FTX and Luna. However, it has since bounced back from $15,000 to over $109,000—a 600% surge. Institutional investments and government interest in Bitcoin mining have been major drivers of this recovery, keeping Bitcoin in the spotlight.
Altcoins, once boosted by the NFT craze and Ethereum’s ecosystem, are now struggling. CryptexGuy notes that this cycle is different, with meme coins and Bitcoin’s strategic importance to the U.S. reserve dominating the market. Some altcoins, like XRP (due to SEC developments), ONDO, HBAR (hyped by BlackRock), and AI-related tokens, have gained attention, but most are still lagging.
The analyst believes an altseason could still happen, but not every altcoin will benefit.
Traders like Titan of Crypto highlight technical signals, such as the “Gravestone Doji” on Bitcoin Dominance (BTC.D), which could hint at an upcoming altcoin recovery. However, analysts like Rekt Capital argue that unless Bitcoin dominance reaches 71%, any altcoin rally will likely be short-lived.
For now, Bitcoin ETFs are pulling in most of the capital, keeping altcoins in the background. The next big shift in the crypto market will depend on Bitcoin’s next move.
Bitcoin holds the key to the next big shift, but whether altcoins will rise with it remains the million-dollar question.
The crypto market is volatile, with Bitcoin struggling below $100K while altcoins face strong selling pressure amid weak market sentiment.
Bitcoin remains dominant, while some altcoins like XRP, ONDO, and HBAR show potential due to market trends and institutional interest.
Crypto investment depends on risk tolerance; Bitcoin ETFs attract capital, but altcoins struggle. Timing the market is key for gains.
Altcoin revival depends on Bitcoin dominance trends; if BTC.D hits 71%, a short-lived altseason is possible, but risks remain high.
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