The post Is the Altcoin Correction Over? Here’s What to Expect Moving Into 2025 appeared on BitcoinEthereumNews.com.

Following the Bitcoin price drop to $91,400 levels earlier today, altcoins faced even greater correction with Ethereum (ETH), XRP, BNB Coin (BNB), and others turning red today. However, market analysts predict that this could be the last leg of correction before a mega rally resumes in January 2025. As a result, analysts predict the alt market cap to hit $2.75 trillion during the next bull run. Is Altcoin Correction Is Coming To An End? Renowned crypto analyst Michael van de Poppe has expressed optimism about the future trajectory of Bitcoin and altcoins, hinting at a significant bullish phase ahead. “The correction is almost over, and the time for ‘up only’ is on the horizon for Altcoins and Bitcoin,” van de Poppe stated. Earlier today, Bitcoin price took a dive to $91,300 level and has recovered the daily loss and currently trading 0.70% up $94,026 with a market cap of $1.862 trillion. The analyst highlighted $90K as an optimal entry point for Bitcoin longs, suggesting that the market is approaching these levels and positioning for substantial growth. Source: Michael van de Poppe On the other hand, the alt season index has crashed from a peak of 88 to a low of 49 as of date, per the data from Blockchain Center. Last week on December 26, the index had dropped to 43 and has recovered since then showing optimism as we move into 2025. Most of the top altcoins are showing double-digit losses on the weekly chart, however, analysts are hopeful for a strong recovery in early 2025. Source: Blockchain Center Will Ethereum Drive the Altseason? Throughout 2024, Ethereum has underperformed Bitcoin by a wide margin. However, market analysts are optimistic about an Ethereum price rally ahead in Q1 2025 to lead the altseason. But ETH price might see a final…

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Filed under: News - @ December 31, 2024 4:27 pm