Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
The Future of Cryptocurrencies Takes a New Turn

The Future of Cryptocurrencies Takes a New Turn

CointurkCointurk2025/05/24 04:24
By:Fatih Uçar

In Brief Bitcoin strengthens despite setbacks, yet altcoin rise is awaited. XRP faces challenges amidst market conditions and political influences. Anticipation builds around BTC reaching highs against Gold and similar milestones.

While Bitcoin $108,207 is priced at $108,348 and altcoins are starting the day negatively, short-term fluctuations hold less significance. Long-term trends are more crucial, and despite the current status, Bitcoin’s price has continued to strengthen since BlackRock’s ETF application. Although altcoins haven’t yet met expectations, optimism surrounds potential growth as key levels are identified.

The Anticipated Rise of Altcoins

The anticipated altcoin surge hasn’t started yet, nor has the expected breakthrough occurred. Bitcoin continues its exploration phase towards this cycle’s true peak. Despite statements from Trump, Bitcoin finds buyers above $108,000 but needs to surpass even higher levels for substantial growth.

What about altcoins? They are patiently awaiting their time. Aside from a few exceptions, altcoins have not reacted to Bitcoin’s rise. DaanCrypto believes altcoins still have a long way to go.

The Future of Cryptocurrencies Takes a New Turn image 0

“As BTC reaches new heights, we observe that the total altcoin market cap is still far from its peak. Although there has been a rebound, with some previous losses recovered, it remains over 30% away from all-time highs, which still trace back to 2021.”

The key horizontal level on the chart must be breached for altcoins to catch up with BTC. However, the BTC trend remains significantly stronger throughout the cycle.

XRP Coin in Focus

We are not far from the $1.27 trillion threshold, and a swift move past it could occur with ETH’s rise. Consequently, the real peak above $1.6 trillion will be anticipated. For BTC to witness a similar gain sequence, $3 trillion must be surpassed.

The Future of Cryptocurrencies Takes a New Turn image 1

Pentoshi predicts that BTC will soon achieve new highs against Gold. BTC products have become the fastest-growing ETFs in history, surpassing even Gold’s launch pace, attracting billions in a shorter timeframe. Over $3 billion has flowed into these products in just the past seven business days.

Concerns about low weekend volumes and Trump’s successive negative statements are affecting XRP Coin’s price, pushing it towards support levels. A descent to the $2.3 to $2.28 range could occur soon. Typical weekend illiquidity is aggravated by the mention of abnormal 50% tax rates related to the EU, contributing to the expected downturn.

The Future of Cryptocurrencies Takes a New Turn image 2

While Bessent anticipates a deal with the EU in a few weeks, Trump remains the antagonist, showing no intentions of negotiating. The steadfastness of the US is evident, and whether the EU will offer further concessions could impact the performance of risky markets over several quarters.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!