Close Menu
  • Home
  • News
  • Bitcoin
  • Altcoin
  • Ethereum
  • Ripple
  • AI
  • All posts
What's Hot

Discover Profitable Long/Short Strategies Through Newly Launched Altcoin ETFs

Jun. 18, 2025

U.S. Actions Influence Global Dynamics Amid Rising Tensions with Iran

Jun. 18, 2025

Powell’s Federal Reserve Address Influences Cryptocurrency Markets with Unpredictable Changes

Jun. 18, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram Pinterest YouTube
Coin Nest
  • Home
  • News
  • Bitcoin
  • Altcoin
  • Ethereum
  • Ripple
  • AI
  • All posts
Subscribe
Coin Nest
You are at:Home » Will Bitcoin and Altcoins Experience a Recovery Following Recent Declines?
Bitcoin

Will Bitcoin and Altcoins Experience a Recovery Following Recent Declines?

By adminMay. 5, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Will Bitcoin and Altcoins Experience a Recovery Following Recent Declines?
Will Bitcoin and Altcoins Experience a Recovery Following Recent Declines?
Share
Facebook Twitter LinkedIn Pinterest Email

In a dramatic turn of events, the leading cryptocurrency plummeted to $93,500 over the past 24 hours, marking a challenging day for altcoins which also continue to trade in the red. In our previous analysis, we discussed the possibility of ongoing sales and pointed to potential support points for altcoins. Now, many cryptocurrencies have reached these support levels. What are experts saying about the latest downturn?

Bitcoin (BTC) Decline

The drop witnessed during the Fed week was spurred by weakening trading volume. Though Trump aims to sign the initial tariff agreement this week, it hasn’t been sufficient to drive prices upwards. Given the Fed’s relief from recent data, a rate cut as soon as June seems unlikely. Investors are anxious, fearing a contrary message might be delivered this Wednesday.

Phoenix shared the chart above and provided insights on Bitcoin

$94,204’s recent movement:

“We dropped lower than expected. It’s crucial to maintain the depths of 93 and avoid rolling over again; however, I don’t foresee this happening. We will see what unfolds this week.”

Poppe maintained his optimism in his latest evaluation, sharing a similar sentiment. Altcoin Sherpa argued that a decline to $92,000 is plausible. In other words, Bitcoin could potentially fall by about two thousand dollars from its current level, creating a new local low.

“Honestly, $92k makes a lot of sense; it wouldn’t be surprising to touch this area short term. The previous CME Gap is significant. I’m still bearish, but given current conditions, I am proceeding much slower and not rushing.”

Altcoins and XRP Insight

Because BTC couldn’t surpass the $98,000 resistance, gains in altcoins have been minimal. Additionally, investors have become increasingly cautious after experiencing numerous false rallies in recent months. Any decline in BTC prices could trigger more pronounced losses in altcoins.

Meanwhile, Kyle recognized XRP Coin as an opportunity, pointing to whale accumulation. He believes a major move might be on the horizon.

“Currently, over 300,000 addresses hold $10,000+ XRP, a sharp jump signaling increased confidence from whales and significant investors. Strategic accumulation seems to be back. Could major players be leading a big move in the XRP ecosystem?”

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticlePi Coin Captivates Traders with Its Erratic Price Fluctuations
Next Article Crypto Markets Confront Significant Decisions: The Way Ahead
admin
  • Website

Related Posts

Bitcoin Flourishes as It Nears Thrilling New Peaks

Jun. 17, 2025

The Crypto Whale Strategy Takes Decisive Actions Amidst Geopolitical Tensions

Jun. 16, 2025

Middle East Tensions Contribute to Market Instability and Bitcoin Resilience

Jun. 16, 2025
Leave A Reply Cancel Reply

Latest Posts

Discover Profitable Long/Short Strategies Through Newly Launched Altcoin ETFs

Jun. 18, 2025

U.S. Actions Influence Global Dynamics Amid Rising Tensions with Iran

Jun. 18, 2025

Powell’s Federal Reserve Address Influences Cryptocurrency Markets with Unpredictable Changes

Jun. 18, 2025

Federal Reserve and Trump Impact Global Markets with Significant Announcements

Jun. 18, 2025
Don't Miss

GPT Usage in Global Chat: Leading Nations and Turkey

Mar. 22, 2024

In today’s modern world, digital communication has become an integral part of our daily lives. The u…

Transformation of Cryptocurrency Trading through Artificial Intelligence

Mar. 24, 2024

Artificial Intelligence Models Influence Cryptocurrency Portfolios Formation

Mar. 25, 2024
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Website Introduction
Website Introduction

Explore the future of cryptocurrency: Coin Nest is your ultimate resource, providing in-depth coverage, insightful analysis, and cutting-edge trends to keep you abreast of the latest developments in cryptocurrencies like Bitcoin, Ethereum, and more.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Discover Profitable Long/Short Strategies Through Newly Launched Altcoin ETFs

Jun. 18, 2025

U.S. Actions Influence Global Dynamics Amid Rising Tensions with Iran

Jun. 18, 2025

Powell’s Federal Reserve Address Influences Cryptocurrency Markets with Unpredictable Changes

Jun. 18, 2025
Most Popular

GPT Usage in Global Chat: Leading Nations and Turkey

Mar. 22, 2024

Transformation of Cryptocurrency Trading through Artificial Intelligence

Mar. 24, 2024

Artificial Intelligence Models Influence Cryptocurrency Portfolios Formation

Mar. 25, 2024
© 2025 Coin Nest All rights reserved.
  • Home
  • News
  • Bitcoin
  • Altcoin
  • Ethereum
  • Ripple
  • AI
  • All posts

Type above and press Enter to search. Press Esc to cancel.