Bitcoin Stuck, Altcoins Gain Strength
The crypto market on Thursday displayed an interesting dynamic: Bitcoin (BTC) appeared under pressure, trading around $102,000, after surging above $105,000 but failing to maintain that level. This pressure stems from the reluctance of large institutions to enter the market—data shows hundreds of millions of dollars in outflows from Bitcoin ETFs.
Meanwhile, some altcoins showed brighter performance. For example, XRP rose around 3%–4% following the launch of a related ETF, which improved access and regulation. Meanwhile, the supply of Bitcoin and Ethereum continued to decline on crypto exchanges, indicating long-term accumulation, although strong momentum has not yet developed.
This situation creates two polarities: a stagnant Bitcoin awaiting a major catalyst—such as US economic data or clear crypto regulations—and more agile altcoins capitalizing on structural market momentum. For investors and traders, this means now is the time to be more selective; Bitcoin may need a technical breakout or the re-entry of large institutions to rise sharply, while altcoins could offer more immediate opportunities.
Source: Newsmaker.id