Bitcoin, Ethereum, XRP, Dogecoin Slide: BTC's $80,000 Sweep Feels Like Hell For Altcoins But A Glorious Rebound Awaits

Author: Khyathi Dalal | February 18, 2025 04:07pm

Cryptocurrency markets are trading lower despite bullish catalysts, including rising institutional investment and Texas’ Strategic Bitcoin Reserve proposal.

Cryptocurrency	Price	Gains +/-
Bitcoin (CRYPTO: BTC)	$94,100.04	-1.8%
Ethereum (CRYPTO: ETH)	$2,637.93	-3.7%
Solana (CRYPTO: SOL)	$166.02	-7.3%
XRP (CRYPTO: XRP)	$2.51	-5.5%
Dogecoin (CRYPTO: DOGE)	$0.2472	-4.3%
Shiba Inu (CRYPTO: SHIB)	$0.00001511	-3.6%

Notable Statistics:

• IntoTheBlock data shows large transaction volume increasing by 14.5% and daily active addresses grew by 22.3%. Transactions greater than $100,000 are up from 6,580 to 9,049 in a single day. Exchanges netflows are down by 127%.
• Coinglass data reports 140,769 traders were liquidated in the past 24 hours with the total liquidations comes in at $335.77 million.

Notable Developments:

• Record-Breaking Token Creation In January Raises Concerns Over Altcoin Liquidity, Market Quality
• Robinhood To Expands Crypto Offerings In Singapore In Push For Global Growth
• Solana Meme Coin Ecosystem Under Fire: Galaxy Research Cites LIBRA Rug Pull As Major Blow
• Institutions Can Earn Bitcoin Yield With lstBTC While Retaining Custodian Security
• US Could Sell Its Gold To Set Up Potential Bitcoin Reserve, Says Bernstein: Will It Ignite A ‘Global Race’ To Buy BTC?

Top Losers:

Cryptocurrency	Price	Gains +/-
Jupiter (CRYPTO: JUP)	$0.7133	-12.5%
Virtuals Protocol (CRYPTO: VIRTUAL)	$1.00	-12.5%
Raydium (CRYPTO: RAY)	$4.14	-11%

Trader Notes: With Bitcoin dropping below $95K, he warns a dip to $80,000 will feel like hell for alts, but the rebound should be explosive. He urges traders to stay strong as bull season approaches.

#Bitcoin / $BTC

Sweep into the 80s is gonna feel like the bottom rings of hell for alts after what they've already been through, but the bounce back across the board should be violent and glorious when it's all over.

Stay strong gents. Bull szn reason soon. pic.twitter.com/otSSat0Th4

— K A L E O (@CryptoKaleo) February 18, 2025

Crypto chart analyst Ali Martinez highlighted a supply wall of 1.88 million BTC at $97,000 and support at $94,500 backed by 695,000 BTC, suggesting this imbalance could dictate Bitcoin's next move.

Crypto Trader DonAlt sees “same old, same old” market conditions but notes Bitcoin's strength despite broader weakness, saying he’s not worried about the crypto king.

ShardiB2 observes Bitcoin's first support test and based on daily RSI, expects a drop to $89,000, though it could get front-run at $91,000.

Read Next: 

• State Pension Funds Key To Bitcoin Hitting $500K, Long-Only Money Needed: Standard Chartered

Image: Shutterstock

Posted In: $BTC $DOGE $ETH $JUP $RAY $SHIB $SOL $XRP BTC