Altcoins Rise While Bitcoin Falls Below $105,000
While Bitcoin dropped below $105,000, some altcoins are showing strong gains. This shows that not all cryptocurrencies follow Bitcoin’s trend all the time. Even as the leading coin faced selling pressure, certain altcoins managed to attract buyers and post gains.
SPX6900 (SPX) rose sharply by 27% and is now trading around $1.14. DeXe (DEXE) also gained nearly 30%, pushing its price up to $9.70. Another major gainer was PancakeSwap (CAKE), which climbed 25% and is now trading at $2.48. These performances stand out, especially when the overall crypto market is seeing some weakness.
Bitcoin’s fall to $104,559 did not affect these altcoins much. Traders and investors are showing interest in alternative projects that have strong use cases, new updates, or growing communities. This shows that market focus is shifting from just Bitcoin to a wider range of crypto assets.
Experts believe that while Bitcoin remains the market leader, some altcoins can move differently depending on demand, updates, or partnerships.
Impact: If Bitcoin stays under pressure, investors might keep looking at altcoins for better short-term gains. But overall market conditions can still change quickly.