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: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • 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: Coinbase Confirms DOJ Investigation Following Major Security Incident

Bitcoin’s Next Move Up Could Create a “Very Painful” Situation for Altcoins: Here’s Why

Cole Petersen
Cole Petersen
1 year ago
2 mins read
Bitcoin

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.

Bitcoin saw a notable upswing today that allowed it to firmly surmount the heavy resistance it was previously facing at $9,200. Today’s price action has marked the first sustained period of trading within the $9,000 region that the cryptocurrency has seen since late-February.

Today, most major altcoins have not been able to mirror the gains seen by the benchmark cryptocurrency, however, with many posting notable losses against their BTC trading pair.

This comes as one analyst notes that the aggregated crypto market – excluding Bitcoin – could soon find itself caught within a “very painful” situation that causes many altcoins to see notable losses.

Altcoins Begin Losing Ground Against Bitcoin 

At the time of writing, Bitcoin is trading up just under 5% at its current price of $9,300.

This marks a notable upswing from daily lows of $8,700 that were set while the cryptocurrency was caught within a prolonged bout of sideways trading around this price level.

$9,200 has been established as a significant level for BTC due to the four rejections that it faced here throughout the past week. The overnight push above this level has proven to be noteworthy and may help lead the crypto significantly higher in the days and weeks ahead.

An interesting trend seen during this latest Bitcoin upswing is that most major altcoins have lost ground against BTC today.

Out of the top 25 cryptocurrencies by market capitalization, virtually all of them are trading down against their BTC trading pairs.

This signals that the latest Bitcoin rally may have stemmed from investors fleeing their altcoin positions in favor of Bitcoin.

Bitcoin Altcoins Crypto
Data via CoinMarketCap

This trend isn’t new to just today either, as major altcoins like Ethereum have been losing serious ground against the benchmark crypto throughout the past week.

Over the past roughly ten days, ETH/BTC has declined from highs of 0.026 to lows of nearly 0.020.

BTC’s Next Rally Could Provide Altcoins with Some Serious Pain

One analyst mused an interesting possibility in a recent tweet, explaining that he believes altcoins may be poorly situated in the near-term regardless of which direction BTC trends next.

He does, however, note that they could see some particularly pitiable price action if the largest cryptocurrency continues pushing higher in the near-term.

“Big jump today. A potentially very painful situation developing if it breaks out towards the next resistance. Each 1% rise in BTC roughly equates to a 6-12% drop against the BTC pairings for alts,” he explained while referencing the chart seen below.

Image Courtesy of Pentoshi

How Bitcoin trends throughout the rest of the week should offer some significant insight into the validity of this potential path forward.

It is probable that altcoins will continue diving further if this ongoing BTC upswing is being driven by investors moving capital away from alts and towards the benchmark crypto.

Featured image from Unplash.
Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

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

Bitcoin

Bitcoin Latest Rally Backed By Stronger Purchasing Power: Report

Data of the Bitcoin Stablecoin Supply Ratio suggests investors have stronger purchasing power today than during the previous bull rally....

Keshav Verma 2 hours ago

BTC-майнеры держат монеты, несмотря на низкую прибыль

Согласно последним ончейн-данным, майнеры Bitcoin отказываются распродавать свои запасы BTC, несмотря на рекордно низкую прибыльность. Комиссии за транзакции BTC на...

lisachaikina 2 hours ago
Bitcoin Brushes $110K as Whales Pull Funds from Binance, What Are They Planning?

Bitcoin Brushes $110K as Whales Pull Funds from Binance, What Are They Planning?

Bitcoin’s upward momentum has returned, with the asset briefly crossing the $110,000 threshold before pulling back slightly. After hitting a...

Samuel Edyme 3 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

XRP koers kan 78% stijgen na wedge breakout

XRP koers kan 78% stijgen na wedge breakout

Lars Diederiksen 25 minutes ago
Litecoin, Aptos, Polkadot, SUI, chainlink, Stellar

SUI Prepares For Bullish Flag Breakout Amid $3 Reclaim – Analyst Doubles The Target

Rubmar Garcia 26 minutes ago
Analyst Sees a Bitcoin Market Shift — Here’s What’s Happening

Analyst Sees a Bitcoin Market Shift — Here’s What’s Happening

Samuel Edyme 1 hour ago

Premium Sponsors

Press Releases

  • CertiK Validates FUNToken’s

    CertiK Validates FUNToken’s Smart Contract Strength With...

    2 minutes ago
  • Explore Potential Coins

    Peter Thiel của PayPal Hậu Thuẫn Ngân Hàng Crypto...

    15 minutes ago
  • Altcoin season uitgesteld? Bitcoin dominantie houdt kapitaal weg van XRP, SOL en ADA

    Những Altcoin Nên Mua Tháng 7 – USELESS, BROCCOLI...

    27 minutes ago
  • Cloud Mining

    Free QFSCOIN Cloud Mining Regulated By US Law Launches BTC...

    34 minutes ago
  • Top kryptoměna ke koupi dříve, než vzroste o 2 200 %, podle Cathie Wood

    Top kryptoměna ke koupi dříve, než vzroste o 2 200 %...

    11 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

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.