Crypto: Ethereum falls 4%, XRP plummets 12% despite Bitcoin's stability
The "altseason," that period when altcoins shook up the markets and overshadowed Bitcoin, seems like a recurring mirage. There's a lot of talk about it, but it's rare, and when it arrives, it often fragments as quickly as it formed. So, is the promise of a new explosion of altcoins serious? Are we on the brink of seeing an explosion of Solana, Ethereum, and XRP, or is this phenomenon still a fleeting dream for cryptocurrency investors?
In summary
Ethereum falls 4% after a week of gains, indicating an expected market correction.
XRP plummets 12%, with long positions liquidated, increasing pressure in the crypto market.
Solana and other altcoins show signs of fatigue, exacerbated by excessive leverage.
Mass liquidations, reaching 837 million dollars, indicate instability that may persist in the short term.
Altcoins under pressure: correction or simply a pause?
The crypto market has recently shown signs of consolidation. After a strong rise, Bitcoin stabilizes around 120,000 dollars, and with it, altcoins have also seen their prices rise. But this stability of BTC seems insufficient to maintain the momentum of altcoins like Ethereum, XRP, and Solana.