This week, Bitcoin (BTC) reached above $107,000, overcoming volatility triggered by events in the Middle East and standing out against other financial markets.
Bitcoin's Stability Amid Volatility
Bitcoin managed to withstand volatile fluctuations amid troubling news stemming from the tense situation in the Middle East, temporarily dipping below $98,000 before rallying back above $107,000. Data from the Binance Research report indicates that BTC is significantly outperforming traditional assets like stocks and gold, which reacted mutedly.
Altcoins Continue to Struggle
Despite Bitcoin's success, altcoins have found themselves in a challenging position. Ethereum (ETH) experienced a significant decline of 17%, while its recovery has been slow and insufficient. Other altcoins like Solana (SOL) and Avalanche (AVAX) displayed minimal movement, underlining that their dynamics remain weak amidst the current market conditions.
Hidden Factors Slowing Bitcoin's Momentum
Although Bitcoin reclaimed the $107,000 level, its monthly gain so far stands at only 2%, marking its weakest performance since July 2025. One reason could be the tug-of-war between institutional inflows and the selling of large holders. While Bitcoin ETFs attracted $3.9 billion, data shows that large holders with over 10,000 BTC are net sellers.
Thus, while Bitcoin maintains its dominant position in the market, it faces internal challenges that may require deeper changes to reignite interest in altcoins and the cryptocurrency market as a whole.
