Ethereum, Solana, and even Bitcoin have been trailing the path to recovery quite well since last week. But a certain crash in the fear and grid index puts all recovery plans on pause.
Ethereum, Dogecoin, Bitcoin, Solana, Chai link, Polkadot, and more follow the same trail. Ethereum dropped to a recent low of $2100, marking a downward move of 1.33% today. Shockingly, the token is 47% lower than its highest level in the last year.
Speaking of Dogecoin, the price slip is somewhat moderate. However, the silver lining is that Dogecoin is up by 2.42% today. Ripple was the only one the least, streaming averse to the trend.
Ripple’s XRP is up by 7.02% today. But the bigger picture is nothing to be excited about. XRP fell to $1.8010, marking a downfall of 47%.
Among the other big-time losers are Solana, Polkadot, and Chainlink. All three of them faced a loss of more than 10% on Monday. However, President Donald Trump has pledged to make the market bullish for altcoins.
Taking the cue, the investors’ community has kept their faith in altcoins. The resultant – many of them approaching their weekly opening levels.
The whole crypto arc in a Pitfall
The crypto market has been taken by a ruthless storm. The net market cap is down to only $3 trillion.
The figures were released on Monday. Since then the investor community has been up to a strong sell-off drive. By Friday, only a $0.3 trillion recovery was possible.
Trader’s takeaway
Altcoins are still holding guard. Traders expect that the five top altcoins will create a bullish streak again. It could be the first hammer candlestick (weekly) of 2025. On the downside, the candle has a lengthy lower shadow with a small body.
But it is a good reversal token, signaling traders to start buying in again! Let’s see how the community responds. Will it be a potential rebound or a flat line?
