Whenever I see Bitcoin struggling, I always expect the entire altcoin market to struggle even more. So it’s not surprising that Ethereum is also declining, this is just the usual scenario when Bitcoin dumps. After hitting an ATH, Bitcoin is now trading at $95K, so you can bet some people are already panicking, selling their BTC, or converting it to stablecoins. That means less activity in the crypto market, making a decline pretty much expected.
At this point, we just have to hope Bitcoin recovers, hitting $100K and breaking resistance. It actually touched $100K just yesterday, but dropped again.
Hopefully, the next attempt will finally break through.
Topic: Ethereum’s Decline and Bitcoin’s Growing Dominance: What’s Next for Altcoin (Read 51 times)
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Today at 12:08:23 AM
we probably gonna see the fall of the second biggest crypto ever, basically ETH just going down and down, there's no brake, even performance wise, very subpar compared to other altcoin giants, let alone bitcoin with its massive institutional investors buying, despite ETH having ETF, nobody interested in it
Many analysts put forward several reasons that could be factors for the decline that Ethereum is going through, and most of them agree that the centralization of decision-making in Ethereum is the cause of the crisis and that Ethereum may become unable to continue competing with the same degree of efficiency as usual.
they really need to do something otherwise once solana take over the market cap dominance, it's done for ETH, funny how back then when restaking craze was happening people were buying so many ETH and right now the price keeps declining although already at oversold area. Today at 12:00:25 AM
This is how the market and whales work, always taking advantage of market crashes to keep getting cheap prices and this is the old style they always use in different years. I personally think this is just a common sentiment created and the media always associates it with President Trump's policies some time ago so the market panics and sells at cheap prices.
February 07, 2025, 11:06:29 PM
Bitcoin dominance is not changing, it has supreme dominance like it has always had over the entire cryptocurrency market. The fact that with a tiny bitcoin price correction we are witnessing huge dumps in all shitcoins from the biggest shitcoins like ETH, XRP, etc. all the way to small ones proves that dominance.
The market cap ratio which people still falsely refer to as dominance changes from time to time as shitcoins get large pumps or dumped and the sum of their market caps goes up or down. But that is an irrelevant thing to even consider because market capitalization of majority of altcoins (specially big shitcoins like ETH that have a massive premine) is fake.
As for bitcoin price, it is a natural market movement. By the end of October last year we entered an uptrend where price broke $70k resistance and continued rising to almost $110k. After this 55%-60% rise a period of correction is healthy for the market and when the $110k resistance couldn't be broken, price came down a little to $91k and quickly recovered back close to almost $100k.
After this correction period and accumulation finishes, the rises resume.... unless something significantly negative happens and changes everything...
The market cap ratio which people still falsely refer to as dominance changes from time to time as shitcoins get large pumps or dumped and the sum of their market caps goes up or down. But that is an irrelevant thing to even consider because market capitalization of majority of altcoins (specially big shitcoins like ETH that have a massive premine) is fake.
As for bitcoin price, it is a natural market movement. By the end of October last year we entered an uptrend where price broke $70k resistance and continued rising to almost $110k. After this 55%-60% rise a period of correction is healthy for the market and when the $110k resistance couldn't be broken, price came down a little to $91k and quickly recovered back close to almost $100k.
After this correction period and accumulation finishes, the rises resume.... unless something significantly negative happens and changes everything...
February 07, 2025, 06:22:31 PM
No one can deny that Ethereum is struggling to keep up with its peers. Over the past six months, its performance has declined significantly, failing to keep up with the momentum seen in other cryptocurrencies despite a market significant growth since last November. Ethereum is currently trading below 3,000, which is the same price level as before November. Ethereum has yet to return to its peak in 2021.
Many analysts put forward several reasons that could be factors for the decline that Ethereum is going through, and most of them agree that the centralization of decision-making in Ethereum is the cause of the crisis and that Ethereum may become unable to continue competing with the same degree of efficiency as usual.
Many analysts put forward several reasons that could be factors for the decline that Ethereum is going through, and most of them agree that the centralization of decision-making in Ethereum is the cause of the crisis and that Ethereum may become unable to continue competing with the same degree of efficiency as usual.
February 07, 2025, 06:05:27 AM
Bitcoin is struggling to hold above $100K, recently trading between $95,850 and $97,729, with a market cap around $1.917T. Analysts suggest further downside could be on the horizon, citing global economic uncertainty.
Ethereum, the leading altcoin, is facing a sharp decline, highlighting the current instability in the crypto market. Large price swings have led to increased liquidations, with Ethereum’s volatility spiking due to gamma hedging and futures market activity.
Meanwhile, Bitcoin’s growing dominance is putting pressure on altcoins, causing their total market value to drop from $1.46 trillion to $1 trillion. Investor sentiment has taken a hit, particularly with new regulatory proposals from the Trump administration adding to market uncertainty.
This cautious approach from investors is fueling additional selling pressure, and with Bitcoin’s technical indicators showing signs of weakness, analysts are warning of potential further declines in the near term.
Ethereum, the leading altcoin, is facing a sharp decline, highlighting the current instability in the crypto market. Large price swings have led to increased liquidations, with Ethereum’s volatility spiking due to gamma hedging and futures market activity.
Meanwhile, Bitcoin’s growing dominance is putting pressure on altcoins, causing their total market value to drop from $1.46 trillion to $1 trillion. Investor sentiment has taken a hit, particularly with new regulatory proposals from the Trump administration adding to market uncertainty.
This cautious approach from investors is fueling additional selling pressure, and with Bitcoin’s technical indicators showing signs of weakness, analysts are warning of potential further declines in the near term.
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