What Happened to Crypto...Are Altcoins Dead?

Crypto Market Update

The last few days have been brutal for crypto, with altcoins being decimated and Bitcoin holding up relatively well.

Current Market Situation

• Bitcoin fell to $95,000 but has recovered to $96,600
• Altcoins have been heavily affected, with some dropping to November or October levels
• Solana and XRP have held up relatively well, with Solana bouncing back to $200 and XRP falling to $210-215

Possible Reasons for the Drop

• Uncertainty around tariffs and inflation
• Economic data, including a recent jobs report and Michigan inflation reading
• Market manipulation by whales and institutions

Impact on All-coin Season

• This year's all-coin season may be different, with institutions driving the market instead of retail investors
• Some altcoins, such as Solana and XRP, may still perform well due to upcoming ETFs and strong communities

Personal Strategy

• Continue to DCA (dollar-cost average) into Bitcoin and select altcoins
• Focus on top projects with potential, such as Solana, XRP, and Sui
• Treat the current market as a buying opportunity, similar to being in a time machine and going back to previous prices

Conclusion

• The current market is volatile, but it's not the end of the world
• Bitcoin is still dominant and important to hold
• Stay strong, continue to DCA, and be selective with investments.