The recent decline in Bitcoin's price to $117,777 was driven by rumors of European Union tariffs, impacting market sentiments. Despite this, some altcoins are showing positive dynamics.
Current Situation with Bitcoin
Bitcoin is currently trading at $117,777, having dipped to $117,315 in the past 24 hours. Despite the slight downturn, altcoins like DOGE have recorded gains exceeding 10%, and ETH has surged past $3,600. Bitcoin struggles to maintain its key support level at $115,500 while altcoins exhibit significant strength in BTC pairs.
Outlook for SOL and OP
Solana (SOL) remains relatively subdued compared to its past bullish runs. Enthusiasm for meme coins has waned, contributing to its current position. However, forecasts from DaanCrypto suggest that if Solana surpasses the $180 threshold, it could ascend to $220, following markers like $188 and $203.
Trends Analysis in the Altcoin Market
Poppe noted that the OP, long languishing, has begun its revival. This supports discussions on BTC pair rises. He suggests that OP can achieve a 450% gain against BTC. Predictions also indicate that potential price fluctuations of Bitcoin during weekends may offer interesting buying opportunities for altcoins.
The decline in Bitcoin's price raises questions about future trends in the altcoin market. Despite the current challenges faced by BTC, altcoins continue to develop, bringing optimism among traders.
