Cryptocurrency Markets Tumble: Bitcoin and Altcoins Hit New Lows
Market Overview
The cryptocurrency landscape is witnessing a downturn as Bitcoin and various altcoins reach new lows, wiping out most of the gains accumulated in 2025.
Key Insights:
- Bitcoin's decline has led to three successive weeks of outflows from crypto ETPs, reflecting negative market sentiment.
- Several altcoins are struggling to rebound, indicating weak buyer demand.
Bitcoin (BTC) attempted a recovery at the week's start, but the candlestick's long wick suggests selling pressure at higher levels. Analysts speculate that the market might soon bottom out. Bitwise CEO Hunter Horsley expressed optimism, stating that Bitcoin's prolonged bear market could be nearing its end, with a strong setup for cryptocurrencies ahead.
However, crypto sentiment analysis platform Santiment cautioned that true market bottoms often form when the majority expects further price declines, not when there's a consensus on a specific price floor.
Market Data and Trends
Traders should monitor crypto investment products, which have seen three consecutive weeks of outflows totaling $3.2 billion, with $2 billion in outflows last week alone, marking the largest since February, according to CoinShares. For a substantial recovery, sustained buying into crypto ETPs is essential.
As Bitcoin's decline continues, it remains to be seen whether altcoins will follow suit or if a recovery is imminent. A technical analysis of the top 10 cryptocurrencies could provide further insights.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.