Bitcoin Faces Resistance Amid Market Sell-Offs, Ethereum Exploit, While Altcoins Eye Potential Revival
Bitcoin Faces Resistance Amid Market Sell-Offs, Ethereum Exploit, While Altcoins Eye Potential Revival
Recent market analysis indicates significant headwinds for Bitcoin, struggling against overhead resistance levels and experiencing a "broken" 4-year cycle with declining returns. Bitcoin's price has seen a substantial drop, facing heavy selling pressure alongside other major altcoins like ETH, XRP, BNB, SOL, DOGE, ADA, LINK, and BCH.
Adding to market concerns, an exploit on Ethereum has led to a requested retrial for the perpetrators. However, there are some positive developments, with Bitcoin ATM operator Bitcoin Depot expanding into Hong Kong, reflecting growing global demand for cash-to-crypto access. Intriguingly, altcoin index metrics hint at an early revival, suggesting stable altcoin speculation and potential risk re-entry, hinting at a more mature cycle ahead.
Bitcoin’s momentum loss continues as long-term holders add to market selling pressure, and rising US dollar strength leads investors to reduce their exposure to risk.
Data shows that BTC’s “average annual returns have gradually declined, with no peaks at all in the last cycle, confirming the hypothesis that Bitcoin's risk/return structure has changed.”
The largest Bitcoin ATM operator in North America is expanding to Hong Kong, citing growing global demand for cash-to-crypto access.
New data shows stable altcoin speculation despite Bitcoin’s price drop, hinting at early signs of risk re-entry and a more mature altcoin cycle ahead.
After a jury deadlocked on a verdict for two brothers accused of perpetrating a $25 million exploit on Ethereum, prosecutors are looking to retry them in 2026.
Bitcoin bulls tried to spark a recovery, but were met with heavy selling pressure near $107,000. A similar fate awaited most altcoins, which sold off from their respective resistance levels.