Bitcoin Slides 5% But Analysts Say Altcoins Like Cardano and Chainlink Are Quietly Building Strength
The post Bitcoin Slides 5% But Analysts Say Altcoins Like Cardano and Chainlink Are Quietly Building Strength appeared on BitcoinEthereumNews.com.
The Bitcoin market took another hit this week, dropping 5% after the Federal Reserve’s latest rate cut failed to lift investor sentiment. While the broader crypto landscape remains cautious, smart money is rotating into stronger altcoins such as Cardano, Chainlink and Remittix (RTX). The Ethereum-based PayFi token has now raised over $27.7 million from the sale of more than 681 million tokens at $0.1166 and analysts believe its real-world payment utility could help it outperform traditional assets during this volatile phase. Bitcoin Price Pulls Back As Market Fear Deepens Source: TradingView Bitcoin dropped to under $110,000 on the fourth day of decline. The increase in the volume of trading corresponds to the rebound, which denotes fresh volatility. Analysts believe that the selloff is a display of traders cashing in on recent gains and institutional outflows on Bitcoin ETFs serve as an additional stressor. The crypto strategist Dom cautioned that the Bitcoin structure was nearing a breaking point. He indicated that the $106,000-108,000 is a make-or-buy area. Bitcoin could revert to the mid-$90,000 level in case it fails to recover. The Fear and Greed Index has also sunk to 31, which is a sign of extreme fear. Nonetheless, according to the on-chain data, whales are quietly hoarding, draining BTC out of such exchanges as Binance and OKX. This trend indicates that Bitcoin is regarded by long-term investors as a refuge during short-term uncertainty. Cardano Consolidates But Hints At A Breakout Source: TradingView Bitcoin is not performing well, but Cardano (ADA) is performing well technically. The token has an approximate price of $0.61, and it has been in a symmetrical triangle, which is usually followed by a big breakout. According to analysts such as Ali Martinez, ADA must go beyond the $0.80 mark in order to rally to $1.10 or even $1.70.…
Filed under: News - @ November 1, 2025 11:25 am