Altcoin News Official TheBitTimes.com

Bitcoin’s (BTC) ongoing volatility below the $110,000 mark is raising questions about whether the asset is destined for further losses, but historical data suggests otherwise. According to on-chain data shared by analyst Ali Martinez, Bitcoin’s trader profit/loss margin currently sits around -5%. Historical patterns show that when this margin drops below -12%, the cryptocurrency tends to rebound strongly, signaling the end of major downtrends. Martinez’s data, retrieved from CryptoQuant on October 22, shows deep negative margins, indicating widespread unrealized losses among short-term holders, which have historically aligned with cyclical bottoms in Bitcoin’s price.  Bitcoin profit/loss margin. Source: CryptoQuant Each instance, including those in 2019, 2020, and 2022, preceded significant recovery phases. Meanwhile, Bitcoin’s realized price, the average price at which all coins were last moved on-chain, remains below the spot price, meaning the majority of in...

Ripple’s native token XRP fell below the $3 mark on Wednesday, shedding 2.5% of its value. The leading altcoin remains rangebound in the charts, offering little to no price spurts this month. The Ripple’s token went north in the last three months, generating stellar returns to traders. The ongoing dip in price comes after the broader markets experienced volatility due to trade wars and tariffs. Source: CoinGecko After Trump slapped India and Brazil with 25% and 50% tariffs, respectively, the markets remain in muddy waters. Dow Jones is down nearly 600 points since then, while the Nasdaq Composite dipped by 225 points. In addition, the S&P 500 index has shed nearly 85 points, and the downturn persists. All of these pushed XRP below the $3 mark and even the cryptocurrency market is trading in the back foot. Also Read: Ripple’s (XRP) 3 & 6 Month Frame Predicts Epic Rally: Details Will XRP Reclaim the $3 Price Range? Source: coinpedia.org The chances of a continued downturn...

The crypto market has experienced a significant downturn, with Bitcoin facing a potential drop to $75,000 before any signs of recovery. The broader market has witnessed a staggering loss of over $1 trillion in market capitalization, erasing much of the progress made over the past year. This sharp decline has particularly impacted meme coins, with Pepe coin suffering a dramatic 73% drop from its previous highs. Currently, its price action reflects the bearish trends seen in mid-2024, highlighting the fragility of meme-based assets in times of market uncertainty. Market sentiment has shifted toward extreme fear, reinforcing the notion that only the strongest hands will endure this phase. Bitcoin dominance has surged, indicating that investors are fleeing altcoins in favor of more stable assets. With the market entering what appears to be a bear trap phase, there is still potential for a renewed bullish wave if optimism returns. This article will explore Pepe coin’s price predicti...