Crypto’s big sell-off and Fed moves
Bitcoin hit a wall around $120K despite the Fed’s first 2025 rate cut, sparking the largest long liquidations of the year and a breakdown in its gold correlation. Whales and on-chain metrics drove BTC dominance up while TOTAL2 (altcoins) got rejected at prior highs, sending the Altcoin Season Index tumbling from 100 to 65.
What’s next for altcoins?
Chainlink’s price could surge on a Dept. of Commerce partnership, XRP is sitting about 26% below its all-time high, and Avalanche, Ethereum and breakout contender Ethena all have their eyes on fresh rallies. Institutional accumulation trends, looming inflation fears and upcoming catalysts like altcoin ETFs keep traders glued to charts and sentiment polls.
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