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: Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing
  • 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: Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing

Altcoin Apocalypse Continues as Crypto Winter Threatens to Return

Martin Young
Martin Young
6 years ago
2 mins read
apocalypse

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.

The big Bitcoin correction has not been unexpected. The mess it has left the rest of the crypto world in, however, is still being questioned. The altcoin apocalypse has deepened this Monday morning as double digit losses are flashing red across the boards today.

Crypto Markets Hemorrhage $50 Billion

In a weekend long selloff cryptocurrency markets have lost almost $50 billion in what has been one of the year’s most violent retreats. At the end of last week total crypto market capitalization was around $320 billion and Bitcoin seemed pretty comfortable consolidating.

By Monday morning markets were battered and bruised, down to around $270 billion, their lowest levels for a month. The big slide started mid-week after Bitcoin tapped $13,000 and instantly retreated forming a big double top which is traditionally a bearish pattern.

crypto
Total market cap 7 days. Coinmarketcap.com

A 25 percent plus correction sent BTC back below $10k again during early trading in Asia but it recovered back in to five figures and dominance has remained high at over 66 percent. The altcoins, however, have been utterly trounced leaving no survivors on bloody Monday.

The massive altcoin exodus has sent many of them close to levels not seen since the depths of crypto winter, six months ago. Meager gains over the past couple of months during Bitcoin’s epic rally have been obliterated taking all hopes of ‘altseason’ with them.

Altcoin Apocalypse

Ethereum has been crushed, from trading comfortably over $300, ETH is now in danger of dropping below $200 again. The slide has widened the gap from all-time high back to 85 percent as Ethereum tumbled nearly twenty percent over the weekend.

A flash crash to $190 yesterday was an ominous sign and analysts expect Ethereum to make further losses especially if Bitcoin drops back into four figures. The long term prospects for ETH prices are good but at the moment it is in a world of pain.

The situation is equally grim for the rest of the altcoins today. Ripple’s XRP came out relatively unscathed, only dropping 4.5 percent to fall back to $0.312 but the same could not be said for Litecoin. All halving fomo has been forgotten even though the event is just 20 days away now. LTC prices plunged back into double digits as the silver to BTC’s gold crashed below $90 today.

Bitcoin’s offshoots, Cash and SV, have both been battered dumping over 15 percent back to $280 and $120 respectively. Binance Coin, EOS and Stellar have all shed 8 percent on the day and Tether is creeping back up the market cap chart as the printers keep churning out more tokens.

More pain can be seen further down the altcoin charts with double digit dumps going on with Tron, Cardano, Monero, Dash, Chainlink, NEO, IOTA, Cosmos, and Ethereum Classic.

Losses are that bad that the frozen wastelands of crypto winter do not appear to be that far away again for many of the altcoins.

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

Ethereum

Massive Whale Profits $15 Million—Now Betting Big On Ethereum To Crash

A well-known crypto whale has made a big move against Ethereum, opening a $62.42 million short position using 18x leverage....

Christian Encila 3 hours ago
Bitcoin

Bitcoin Dominance Just Got Rejected From TSDT Resistance That Triggered Last Altcoin Season — Details

Bitcoin Dominance (BTC.D) has hit a critical turning point after getting sharply rejected from a TSDT resistance level that previously...

Scott Matherson 4 hours ago
Bitcoin

Bitcoin’s Next Milestone: $250K In Sight After $120K Test, Analyst Says

Bitcoin spent about nine months stuck below $110 K before finally pushing past that ceiling this month. The move up to...

Christian Encila 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

Bitcoin Recovers to $119K But Key Indicators Show Mixed Signals

Bitcoin Recovers to $119K But Key Indicators Show Mixed Signals

Samuel Edyme 20 minutes ago
Ethereum price news

Ethereum Could Shoot Above $4,000 This Week, Predicts Analyst

Jake Simmons 1 hour ago

SOL幣價格現強勢能突破300美元嗎?牛市來臨前最值得下注的1000倍幣!

Kelvin Lee 2 hours ago

Premium Sponsors

Press Releases

  • 2 kryptoměny s extrémně vysokým oceněním, které mohou stát za to riziko

    2 kryptoměny s extrémně vysokým oceněním, které...

    8 hours ago
  • 2 rendkívül magas árfolyamú kriptovaluta, amelyeket érdemes lehet kockáztatni

    2 rendkívül magas árfolyamú kriptovaluta, amelyeket...

    9 hours ago
  • 2 криптовалути с небесни оценки...

    11 hours ago
  • 仮想通貨プレセール|ビットコイン向け最速かつ唯一の本格レイヤー2が300万ドル突破

    ...

    12 hours ago
  • 2 rendkívül magas árfolyamú kriptovaluta, amelyeket érdemes lehet kockáztatni

    ...

    12 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.