๐จ๐จ CRASH LANDING FOR ALTCOINS? HEREโS WHY THE MARKET IS BLEEDING ๐จ*
๐ Bitcoinโs price above $100,000 triggered profit-taking, putting heavy sell pressure on altcoins like Ethereum, BNB, ADA, and XRP.
๐ Fresh inflation data from the US and renewed expectations of a Fed rate hike shook investor confidence, sparking a risk-off sentiment.
๐ธ According to Coinbase reports, the total market cap of altcoins has dropped 41% since December 2024, with capital fleeing to safer assets.
๐ Bitcoin dominance is on the rise, as investors flee to the perceived safety of BTC, reducing demand for altcoins.
๐ Reduced speculative trading and liquidations of leveraged positions further deepened the decline. Ethereum, in particular, saw a drop in futures volume.
๐ง Warning to investors: The market is volatileโtiming and caution are key.
โค๏ธ Donโt forget to like and follow!
