Altcoin News Official TheBitTimes.com

A veteran trader known for calling the collapse of 2022 is predicting big fakeout dips for Bitcoin (BTC) and two top altcoins before fresh explosive rallies. Posting in his Telegram channel, pseudonymous crypto analyst Capo tells his audience that Bitcoin may plummet to around $81,450, a 14% decline from its current value. However, he suggests that BTC may slingshot to fresh all-time highs after the correction, surging past $112,000 sometime next month. Source: Crypto Capo/Telegram Bitcoin is trading for $94,607 at time of writing, down 1% in the last 24 hours. Next up, the analyst suggests that Solana (SOL) may correct to as low as $130, a more than 20% decline from its current value. Source: Crypto Capo/Telegram After the correction, Capo suggests that SOL may surge to a new all-time high of around $320. Solana is trading for $163 at time of writing, down 8.6% on the day. Lastly, the analyst suggests that Ethereum (ETH) may dip to $1,860, a more than 21% ...

Digital assets markets started off the week in the red after Bitcoin (BTC) lost the $100,000 level and fell to $97,470, dragging most altcoins into corrections as well. According to crypto data aggregator CoinGlass, there have been over $567 million in liquidations in the last 24 hours, most of them leveraged long positions in Bitcoin. Closely followed analyst Rekt Capital tells his 519,000 followers on the social media platform X that the correction in altcoins has happened at a key point of resistance in the OTHERS chart, which tracks the total market of digital assets excluding the top 10 and is often used to gauge altcoin strength. “Altcoin Market Cap has performed a Weekly Close above $425bn (black) for the 1st time since 2021 Black has always been a trouble area That said, it’s likely Altcoin Market Cap will experience a much weaker rejection to prompt a much shallower retrace” Source: Rekt Capital/X In another potential ominous sign fo...

Ripple’s XRP token has faced a significant correction in the last 24 hours. The asset is down by 11% in the daily charts. XRP is still in the green zone in the other time frames. The asset is up 56.3% in the weekly charts, 105.9% in the 14-day charts, 353.3% in the monthly charts, and 271.9% since December 2023. Source: CoinGecko Also Read: Bitcoin (BTC) Officially Crosses $100,000, Trades At $103,000 Why Did XRP’s Price Rally? XRP beached $2 for the first time in nearly seven years. The rally was likely due to WisdomTree filing for a spot XRP ETF. Source – CryptoRank The cryptocurrency market seems to be experiencing a surge in investor sentiment. Donald Trump winning the US Presidential election has led to a significant inflow of funds into the crypto market. Trymp’s pro-crypto stance may lead to an extended bull run this cycle. Also Read: Amazon Stock To Hit $250 in 2025 Amid AI Push? Can The Asset Hit $3 Before 2025? According to CoinCodex, Ripple’s XRP...

Shiba Inu (SHIB) seems to have broken into another bullish trend. The dog-themed asset is up by 2.9% in the daily charts, 9.1% in the weekly charts, 30.9% in the 14-day charts, and 39.1% over the previous month. The 12th-largest crypto project by market cap has increased 211.6% since November 2023. Also Read: MicroStrategy (MSTR) Raises $3 Billion to Purchase More Bitcoin Source: CoinGecko Why Is Shiba Inu Rallying Today? SHIB’s latest rally is likely due to Bitcoin (BTC) hitting a new all-time high of $99,261.30 earlier today. BTC’s rally has triggered a market-wide momentum, pushing other assets into a bullish run. Source – Token Metrics Also Read: PEPE: Why Surging Meme Coin Can Still Gain 25% Before 2025 BTC’s rally is likely due to talks about Donald Trump electing a “crypto czar.” Trump winning the US Presidential election has led to a significant increase in investor confidence due to his pro-crypto stance. Market participants anticipate lenie...