Today’s inflation data from the United States has caused cryptocurrency prices to rise rapidly, bringing joy to altcoin traders as the market begins to recover. However, the question remains: how long will this upward trend last? With several upcoming events on the horizon, the unpredictable nature of cryptocurrencies continues to excite investors. What do the experts say about the current market situation?
Will Cryptocurrencies Rise?
Despite reaching a high of $99,799, the price of BTC has retraced many of its quick gains. Analyst Altcoin Sherpa warns that we are approaching a critical point and that caution is necessary. It might still be too early to relax. He shared the following insights regarding price movements:
“$100,000 is a key level for BTC; caution will prevail here. We may either surpass this level or retract slightly to around $96,000 near the 200 EMA on a four-hour chart.
Watch for a false breakout towards $101,000 and then a downward movement. Short-term timeframes are crucial here.”
Altcoins in 2025
Market analyst Yoddha discussed the expected rise of altcoins this year. While last year saw a lack of significant upward movement across altcoins, a comparison with 2021 and previous bull markets suggests that peaks might still be reached before the year ends.
“Altcoins will experience significant gains this year. TOTAL2 has not even surpassed its all-time high, and bears are prematurely declaring the end of the bull market. This phase is still upward, and the trend has not shifted downwards.”
While giants like XRP Coin have reached peaks not seen for years, the overall altcoin market faces challenges. Increased competition and a substantial increase in the number of cryptocurrencies further complicate matters for altcoins.
Despite the market surge, Federal Reserve members do not view the latest CPI data favorably. This perspective may cause a slight pullback in BTC prices, but as the weekend approaches, the influence of Trump could motivate buyers. BTC must maintain the $98,500 level.
