Bitcoin, the largest cryptocurrency, has lost almost half its value since the record. Its price fell by 48.13%, with ATH 126 080 USD to the current US$65,374. It's a waste of hundreds of billions of dollars. What caused this crash and how it affects altcoins, memes and others like Solana, Ethereum, XRP or Trump (memecoin)?
Why is Bitcoin falling?
The main reasons are high interest rates and Policy A Fed that pushes investors away from risky assets. Plus, we've got to take out positions and sell off ETFs. The policy towards crypto raises doubts and can bring tougher regulations. Similar declines were earlier, e.g. in 2018 or 2022, when he lost as much as 80-90%. Here is a chart of historical inheritances:
The fear rate shows a panic in the market. Without reflection, it could be worse.
How does that affect altcoins?
Bitcoin He pulls the rest down. Ethereum fell by 57.4%, from ATH 4946 USD to 1919 USD. Poor ETFs and institutional pressure make it worse. Solana lost 68.2%, from 293 USD to 81 USD. No hype for memes and NFT. XRP down by 57.9%, from $3.65 to $1.22. Regulations and uncertainty are key. Other altcoins also lose very much.
Memecoins in trouble
Trump memecoin (TRUMP) fell by 95.14%, from ATH 73.43 USD to 3.53 USD. Other memes like DOGE or SHIB are also firmly down. Memes depend on Bitcoin – when he falls, they fall first and much harder.
| Cryptovalut | Impact |
|---|---|
| Bitcoin | The market goes down |
| Ethereum | Poor ETFs, DeFi problems |
| Solana | No hype |
| XRP | Regulations |
| Trump memecoin | Sale |
What's next?
The market runs away from risks, but after declines, there are often increases if Fed lowers his feet. This may be an opportunity, but many coins will not return to the peaks – probably for a long time.
