NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

Why Have Altcoins Slumped Back to Crypto Winter Levels?

Martin Young
Martin Young
5 years ago
2 mins read
crypto winter

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

A dip below $7,000 has been on the cards for Bitcoin for some time now. What is surprising though is that the altcoins have been pummeled again with several high cap crypto asserts dropping as much as 8 percent overnight.

Bitcoin Back Below $7k

After almost three weeks of consolidation the big Bitcoin move finally arrived and, as expected, it was down again. Things went south in late US trading when BTC plunged from $7,100 to just above $6,800 in a 4% purge according to Tradingview.com.

bitcoin crypto

The crypto asset is trading back where it was during a brief dip at the end of last month. The difference this time is that there has been no bounce and it appears to have settled below $7k.

This could lead to further consolidation here or another drop down to support at $6,600. This would not be unexpected either as there have been more bearish predictions for BTC that those opposing the current trend.

The BTC fear and greed index is still buried in the twenties showing ‘extreme fear’, a sentiment that is unlikely to change for the rest of the year.

Bitcoin investor and analyst ‘PlanB’ has observed the increase in BTC dominance even with the latest purge.

https://twitter.com/100trillionUSD/status/1206653870862196736

This can only mean one thing – a lot more pain for the altcoins.

Crypto Avalanche

Over the past few hours around $7 billion has been dumped out of crypto markets and altcoins are feeling the pressure again.

The move has sent many of them barreling back towards their prices this time last year when 80-90 percent corrections were commonplace.

Ethereum has dumped 6% to a nine month low of $134. It is now not far off its yearly bottom and a long way from the 2019 top.

Crypto twitter tribalism and the further propagation of ETH FUD from rival blockchain supporters and Bitcoin maximalists have done it no favors either.

Ethereum is not the worst performing altcoin in the top ten though as Litecoin, EOS and Binance Coin have dumped 7-8% in the past few hours.

LTC is on the verge of dropping below $40 which is almost at crypto winter levels, and EOS is not far behind. More pain is going on further down the table with Stellar, Cardano, Cosmos, IOTA, Maker and Dash.

There is only one real survivor at the moment and that is Tezos which has actually gained over night adding over 3% to reach $1.70.

CMC is also posting some spurious market cap figures for something called MINDOL as it surges up the chart pumping 20% today according to the site.

Another crypto winter appears imminent for the altcoins at least as gains in 2019 become a distant and frozen memory.

Image from Shutterstock
Tweet123Share232ShareSend
Martin Young
Martin Young

Martin Young

Martin is a Southeast Asia based info-tech, cyber security, and cryptocurrency analyst with 20 years working in web technology and media.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Dogecoin price news

Crypto Analyst Tells Dogecoin Investors To Stay Sharp Amid Historical Bullish Setup

The Dogecoin price had seen an initial run-up to $0.3 before the correction that brought it back toward $0.26 again....

Scott Matherson 3 hours ago
Ethereum Price Squeezes Tight

Ethereum Price Squeezes Tight – Watch Out for Sudden Breakout Anytime

Ethereum price started a fresh increase above $4,550. ETH is now consolidating and might attempt to clear the $4,640 resistance....

Aayush Jindal 6 hours ago
dogecoin-etf-wall-street-interest-bitcoin-hyper-2025-100x-fomo-token-tw

狗狗幣ETF登場引爆華爾街關注 Bitcoin Hyper成2025年100倍幣FOMO焦點

曾經只是互聯網上的一隻玩笑柴犬,如今成為華爾街ETF的對象。狗狗幣,在這個夏天不再只屬於迷因文化的彩蛋,而是正在被華爾街制度資金重新定義。REX-Osprey DOJR ETF(DOJE)計劃於本週四...

Mark Mak 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Dogecoin price news

Dogecoin On Edge — 2.5 Days Remain To Lock In Breakout Springboard

Jake Simmons 5 minutes ago
bitcoin-hyper-100000-injectes-en-3-jours-whales

100 000 $ injectés en 3 jours : les whales misent gros sur Bitcoin Hyper ($HYPER)

evanss 19 minutes ago
Bitcoin’s 25% Shot at $125K This Month Sends Traders Flocking to Bitcoin Hyper Presale

Bitcoin’s 25% Shot at $125K This Month Sends Traders Flocking to Bitcoin Hyper Presale

Aaron Walker 1 hour ago

Premium Sponsors

Press Releases

  • Dự Đoán Giá Pepe

    Pepecoin tăng 20% | Điều gì đứng sau xu hướng...

    4 minutes ago
  • top 3 crypto

    XRP dự đoán đạt 30 USD, Solana có thể chạm...

    8 minutes ago
  • Bitcoin ponovno na 117.000 USD nakon smanjenja kamatnih stopa – Otvaraju li se vrata za kupnje dok Bitcoin Hyper ICO prelazi 16,5 milijuna USD

    Bitcoin ponovno na 117.000 USD nakon smanjenja kamatnih...

    19 minutes ago
  • 4 token, amelyek hatalmas növekedésre készülnek, hogy felülmúlják a Shiba Inu-t (SHIB) a következő bull runban

    4 token, amelyek hatalmas növekedésre készülnek, hogy...

    2 hours ago
  • Bitcoin vissza 117 000 USD fölött a kamatcsökkentés után – nyílnak a vásárlási lehetőségek, miközben a Bitcoin Hyper ICO már meghaladta a 16,5 millió USD-t?

    Bitcoin vissza 117 000 USD fölött a kamatcsökkentés...

    11 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.