Bloodbath altcoin: Ethereum, Solana, XRP plummet

The cryptocurrency market has been heavily impacted in the past 24 hours, with major altcoins such as XRP, Solana, and Dogecoin all experiencing significant losses. ALTCOIN PRICES FALL WHILE BITCOIN STILL MAINTAINS STRENGTH AND DOMINATES THE MARKET Altcoins suffered deeper losses than Bitcoin, which has already weathered the downturn with less damage. While BTC fell about 2.2%, closing at nearly $104,000, XRP lost 5.1%, now trading at $2.16. Solana (SOL) dropped about 6.5%, closing at over $158 per unit. Meanwhile, Dogecoin (DOGE) plummeted nearly 11% to $0.197. Other major cryptocurrencies like Chainlink (LINK) and Avalanche (AVAX) also recorded losses of 8% and 7%, respectively. This price drop coincides with a spike in Bitcoin's dominance, surpassing 64%, a level not seen in four years. This is a common market pattern during periods of high volatility as investors seek refuge in stronger, more stable assets. The decline in Gross Domestic Product and the downturn in exchange-traded funds (ETF) have raised fears among investors, leading to a more cautious stance. Waiting for recovery The investment company BRN has adjusted its strategy to navigate this situation. They have chosen to reduce their overall exposure but still maintain a strong position in Bitcoin, believing in its relative stability. According to their analysis, BTC is likely to temporarily drop to around $100,000 before recovering to a range of $130,000 to $150,000. When that recovery occurs, altcoins may begin to regain value. At the same time, the announcement of the core Personal Consumption Expenditures index (PCE) of the United States shows that annual inflation is slowing to its lowest level since March 2021. Although this confirms the disinflation trend, the market did not react positively and remains in negative territory. The total cryptocurrency market capitalization decreased by 2.8% to 3.3 trillion dollars, with over 700 million dollars liquidated during this period. Geopolitical instability Political and economic instability continues to drive market volatility. Recent comments by President Donald Trump regarding the trade dispute with China have added to the tension, causing investors to remain cautious. Market liquidity is still limited, which amplifies price volatility, especially in altcoins.