News View Non-AMP

Why Crypto Market is Down? Bitcoin Dip and Altcoin Sell-Off Explained

Published by
Debashree Patra

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.

Bitcoin’s Past Cycles Show a Pattern

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.

The 2018-2021 Era: A Boom Fueled by Crisis

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.

2022-2025: A New Cycle, Same Story

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 Falling Behind?

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.

Will Altcoins Make a Comeback?

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.

FAQs

How is the crypto market doing today?

The crypto market is volatile, with Bitcoin struggling below $100K while altcoins face strong selling pressure amid weak market sentiment.

Which crypto is best to buy now?

Bitcoin remains dominant, while some altcoins like XRP, ONDO, and HBAR show potential due to market trends and institutional interest.

Is it worth buying crypto now?

Crypto investment depends on risk tolerance; Bitcoin ETFs attract capital, but altcoins struggle. Timing the market is key for gains.

Will altcoins recover soon?

Altcoin revival depends on Bitcoin dominance trends; if BTC.D hits 71%, a short-lived altseason is possible, but risks remain high.

Debashree Patra

Fun-loving and cheerful, a passionate blockchain and crypto writer who knows no boundary…connect if you share the same passion. With 10+ years of writing experience, I am a Crypto Journalist by chance, exploring, and learning all the dynamics of the sci-fi action-filled crypto world. Currently, focusing on cryptocurrency news and price data. With a passion for research and challenging my capabilities, I am slowly getting into the crypto arena to bring new insights every day.

Recent Posts

Sui (SUI) Price Analysis Today: Key Targets to Consider Ahead

The Sui network has attracted significant investment from institutional investors seeking to capitalize on its…

April 25, 2025

Dogecoin Price Analysis: Momentum Favors Further Gains

Technical analysis shows that the Dogecoin price is poised to gain 33% to 23 cents…

April 25, 2025

Helium Network Announces Strategic Partnership With AT&T: What Next for $HNT Price?

The AT&T subscribers can connect to Helium’s community-built Wi-Fi network. The Helium network has grown…

April 25, 2025

Ethereum Price Prediction 2025: ETH Price May Trigger a 10x Rally, if This Trade Setup Plays Out Well

The crypto markets are experiencing a powerful bullish wave, highlighted by Bitcoin’s breakout and a…

April 25, 2025

What’s Next for the Chainlink (LINK) Price-Will it Reclaim $20 Before the End of the Month?

The recent rise in the bullish momentum has elevated the markets above the bearish captivity…

April 25, 2025

Coinbase Inks Strategic Partnership With PayPal to Enable Mainstream Adoption of PYUSD Stablecoin

The PayPal USD (PYUSD) stablecoin is fast approaching the $1 billion market cap milestone. The…

April 24, 2025