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<p>The post <a href="https://coinpedia.org/news/are-altcoins-doomed-as-bitcoin-targets-100000-new-market-insights-and-data/">Market Insights REVEALED: Are Altcoins Doomed as Bitcoin Targets $100,000?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p><a href="https://markets.coinpedia.org/bitcoin/">Bitcoin’s</a> relentless surge towards a staggering $100,000 is sending shockwaves through the crypto world. Are altcoins about to get swept away? </p> 
<p>CrediBULL Crypto, a leading crypto trading analysis community, warns of a potential altcoin nightmare as Bitcoin explodes.</p> 
<p>Read on to discover what experts predict for the future of altcoins.</p> 
<h2 class="wp-block-heading" id="h-looking-at-the-short-term">Looking at the Short-Term</h2> 
<p>Initially, altcoin prices may show slight recoveries, as suggested by CrediBULL Crypto. However, these upticks are expected to be brief, especially for major players like Solana, Chainlink, and prominent meme coins. These coins have been grappling with persistent selling pressure and market volatility.</p> 
<p>CrediBULL Crypto anticipates that Bitcoin’s anticipated breakout from its current price range will attract significant investments, diverting attention and capital away from altcoins. While some altcoins may eventually follow Bitcoin’s upward trajectory and potentially outperform it, this recovery is likely to unfold gradually. In the meantime, certain altcoins may experience further declines before stabilizing.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Relatively strong bounce on <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> from the range lows. <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> are up even more since that level.<br><br>Bitcoin dominance starts to fall slightly, through which the Mt. Gox even starts to get priced in. <a href="https://t.co/b8qhVaX20V">pic.twitter.com/b8qhVaX20V</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1805492519154639340?ref_src=twsrc%5Etfw">June 25, 2024</a>
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<h2 class="wp-block-heading" id="h-insights-from-market-experts">Insights from Market Experts</h2> 
<p>Michael van de Poppe, a well-regarded crypto trading expert, recently highlighted key developments on the X platform. He noted a strong recovery in Bitcoin prices from recent lows, accompanied by modest gains in altcoins. </p> 
<p>A slight decline in Bitcoin’s dominance also hints at shifting market dynamics, signaling a nuanced phase for crypto investors.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Relatively strong bounce on <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> from the range lows. <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> are up even more since that level.<br><br>Bitcoin dominance starts to fall slightly, through which the Mt. Gox even starts to get priced in. <a href="https://t.co/b8qhVaX20V">pic.twitter.com/b8qhVaX20V</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1805492519154639340?ref_src=twsrc%5Etfw">June 25, 2024</a>
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<p>As of June 1, 2024, Bitcoin holds a dominance of approximately 54.11%, with a recent peak of 55.85% on June 17, 2024, underscoring its strengthening position. Conversely, the dominance of altcoins outside the top 10 has slightly decreased to 10.34%, down from earlier highs this year.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Relatively strong bounce on <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> from the range lows. <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> are up even more since that level.<br><br>Bitcoin dominance starts to fall slightly, through which the Mt. Gox even starts to get priced in. <a href="https://t.co/b8qhVaX20V">pic.twitter.com/b8qhVaX20V</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1805492519154639340?ref_src=twsrc%5Etfw">June 25, 2024</a>
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<p>Bitcoin is currently trading at $60,769.45, marking declines of 12.4% over the past month, 7.5% over the past week, and 3.1% in the last 24 hours. Meanwhile, Solana trades at $133.88, with a 30-day decline of 19.0%, a weekly decrease of 2.1%, but a daily increase of 6.55%. </p> 
<p>Chainlink is priced at $13.84, showing a 24.4% drop over the past month, a 1.0% increase in the last week, and a 6.1% rise in the last 24 hours. WIF is priced at $1.83, with declines of 40.1% over the past month, 11.8% over the past week, and an increase of 15.8% in the last 24 hours.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Relatively strong bounce on <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> from the range lows. <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> are up even more since that level.<br><br>Bitcoin dominance starts to fall slightly, through which the Mt. Gox even starts to get priced in. <a href="https://t.co/b8qhVaX20V">pic.twitter.com/b8qhVaX20V</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1805492519154639340?ref_src=twsrc%5Etfw">June 25, 2024</a>
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<p>In conclusion, while Bitcoin’s upward trajectory is promising, the short-term outlook for altcoins remains uncertain. Crypto enthusiasts and investors should brace themselves for potential fluctuations in altcoin prices, while remaining optimistic about their long-term prospects.</p> 
<p>Also Read: <a href="https://coinpedia.org/news/shiba-inu-shib-and-pepe-pepe-whales-on-dumping-spree-amid-ongoing-crypto-correction/" target="_blank" rel="noreferrer noopener">SHIB &amp; PEPE Plunge Amid Crypto Market Dips: Meme Coin Frenzy Ends?</a></p> 
<p><strong>Bitcoin vs. Altcoins: Who will win in the long run? Let’s wait and watch.</strong></p>

Market Insights REVEALED: Are Altcoins Doomed as Bitcoin Targets $100,000?

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