Bitcoin's price has dropped below $96,000, causing concern among investors, while the altcoin market faces significant challenges.
What is happening to Bitcoin's price?
Currently, Bitcoin's price stands below $96,000, raising concerns among crypto enthusiasts. The market traditionally experiences an uptrend in February, but conditions remain challenging.
The state of the altcoin market
Since December, the altcoin market has experienced a significant downturn. Notably, the Bybit exchange encountered a massive hack, and fraudulent activities plagued the Solana network.
Market opportunities: expert opinions
Experts like Miles Deutscher remain optimistic about the recovery of altcoins. There is renewed interest, with an increase in trading volume by 50% last week.
Analysts see potential for market recovery if Bitcoin can break through current resistance levels and continue to rise.
