Altcoin
Why Altcoins’ Prices Are Falling & When Will They Recover?

The altcoin prices have noted volatile trading over the past few days, with Ethereum, Solana XRP, and others noting declines. Meanwhile, the decline in the broader crypto market also followed a slump in Bitcoin price, sparking discussions over potential reasons behind the slump.
A flurry of macroeconomic factors and global trends could have weighed on the recent sentiment recently. So, here we take a look at the top reasons behind the recent drop in prices.
Why is Altcoins Prices Falling?
Some of the top reasons behind the recent selloff include:
Bitcoin ETF Outflow
After witnessing robust inflows for the past few weeks, the U.S. Spot Bitcoin ETF recorded an outflow of $200.4 million on Monday, June 11. This sudden reverse in trends has weighed on the broader market sentiment, which could have contributed to the recent slump in the altcoin prices.
The robust inflow into Bitcoin ETFs has so far boosted the market optimism, triggering a rally in the Bitcoin price over the past few weeks. In addition, the altcoins prices also followed suit, witnessing significant gains, before noting a decline from last week.
U.S. Job Data Triggers Altcoin Decline
Last week’s U.S. Job data came in stronger than expected, dampening hopes of the investors over a potential dovish stance by the U.S. Federal Reserve. Notably, the Federal Reserve has maintained a hawkish stance so far this year with their policy rate plans, to combat the red-hot inflation.
Having said that, the European Central Bank (ECB), which has also maintained a similar stance, announced a rate cut last week. Although anticipations for a similar move by the U.S. central bank also soared following that, the labor market data has diminished hopes, as the market awaits further economic clarity.
Also Read: FED Meeting June 2024- Why The Interest Rate Cuts Might Not Happen At All?
Inflation, FOMC, & Fed Chair’s Comment To Impact Altcoins Performance
After the gloomy economic data last week, investors are now eagerly waiting for today’s U.S. CPI inflation data, FOMC interest rate decisions, and Fed Chair Jerome Powell’s press conference. The U.S. Consumer Price Index (CPI) data will provide cues on the current inflation level in the nation, a crucial factor in deciding the future of the altcoin prices. In addition, the market will also keep a close track of tomorrow’s U.S. PPI data, for further cues on inflation.
On the other hand, the FOMC interest rate decision will play a crucial role in shaping the market performance in the coming days. Although the market is anticipating the Federal Reserve to maintain its policy rate, any other decision might impact the market. Simultaneously, Fed Chair Jerome Powell’s remark will provide insights into the potential future move of the central bank with the interest rate plans.
Considering that, the market seems to be taking a pause ahead of the crucial events, potentially causing a heightened volatile scenario in the altcoin prices.
When Will The Altcoins Prices Rebound?
The broader crypto market has witnessed volatile trading before the previous FOMC events as well this year. However, soon after the event, the overall market noted a strong recovery, wiping off the losses recorded before the event.
Considering that, the market pundits anticipate a recovery in the altcoin prices soon after the event. But despite the anticipation, it’s also worth noting that if the U.S. CPI data comes in hotter than expected, it could extend the ongoing volatility in the altcoin prices. Simultaneously, the Fed’s comment, especially if any hawkish stance is taken by the central bank, will also impact the overall market sentiment.
As of writing, Solana price was down 1.32% and traded at $152.67, while XRP price fell 0.54% from yesterday to $0.484. In the meme coins sector, Dogecoin price plunged 1.08% to $0.1405, with Shiba Inu price dropping 0.71% to $0.00002207.
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Altcoin
Cardano Price Eyes Massive Pump In May Following Cyclical Patern From 2024

Cardano price is repeating a pattern from 2024 that experts say is a signal for a massive pump in the coming weeks. While present figures are largely underwhelming for ADA, investors are brimming with confidence for a strong reversal in the near future.
Cardano Price Can Reach $2.5 In May
According to pseudonymous cryptocurrency analyst Master Kenobi, Cardano price is exhibiting cyclical behavior. In a post on X, Master Kenobi notes that ADA’s consolidation in recent days mirrors its price action from Q3 of 2024.
At the time, Cardano’s price suffered a steep correction in early August and endured a lengthy consolidation period before rallying. Presently, Cardano’s price is consolidating after the deep in early February that sent prices to $0.49.
“ADA is currently in a consolidation phase that resembles its behavior from August-September 2024,” said Master Kenobi. “Since the dip on August 5, it hasn’t recorded a new low – just as it hasn’t now, following the dip on February 3.”
According to Master Kenobi, a lengthy consolidation phase will be the precursor for an impressive rally for Cardano’s price. The analyst theorizes that the incoming rally will send Cardano to impressive levels in May. In the short term, analysts are eyeing ADA to hit $1, citing rising whale activity and positive fundamentals.
“If this pattern holds, May could bring a massive pump, potentially pushing the price toward $2.5,” said Master Kenobi.
ADA Ripples With Bullish Activity
At the moment, Cardano price is trading at $0.6646, a far cry from its all-time high of $3.10. Despite the lull in price action, the ecosystem is brimming with bullish activity for higher valuation.
Investors have their eyes on $10 after ADA outperformed top S&P 500 companies in a strong show of resilience. Futhermore, increased whale activity in the space is signaling an impending rally for ADA as community sentiment reaches an all-time high.
Analysts have opined that an ADA rally to $10 is not a crazy prediction, citing a slew of positive fundamentals for the network. However, pundits are urging investors to brace for multiple corrections in the march to reach a valuation of $10.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Altcoin
Analyst Reveals Why The XRP Price Can Hit ATH In The Next 90 To 120 Days

Crypto analyst Egrag Crypto has again provided a bullish outlook for the XRP price. This time, he alluded to historical trends to explain why the altcoin can hit a new all-time high (ATH) in 90 to 120 days.
Why The XRP Price Can Hit ATH In 90 To 120 Days
In an X post, Egrag Crypto alluded to historical patterns to explain why the XRP price can hit a new ATH in the next 90 to 120 days. He noted that the RSI chart shows important historical patterns and stated that the altcoin usually has two peaks during its bull runs.
The crypto analyst further revealed that in 2021, the second peak occurred after 90 days, while in 2017, it occurred after 120 days. Based on this, Egrag Crypto affirmed that this historical timeframe provides market participants with a potential for a “great opportunity,” hinting at the altcoin hitting a new ATH.
In another post, he raised the possibility of the XRP price reaching a new ATH of $3.9 by May. This came as he identified an Inverse Head and Shoulder pattern, which was forming for the altcoin. The crypto analyst stated that the measured move is $3.7 to $3.9.
For now, an XRP analysis has shown that the altcoin is struggling at $2.15 amid regulatory uncertainty over SEC Chair nominee Paul Atkins. In his update on this Inverse Head and Shoulder pattern, Egrag Crypto remarked that a close above $2.24, the Fib 0.888, is the next minor target. He affirmed that the pattern is still unfolding as anticipated.
Ripple’s Native Token Could Still Drop Below $2
Crypto analyst Dark Defender has predicted that the XRP price could still drop below $2 before the next leg up. In an X post, he stated that Ripple’s native token is in the 4th Wave of the Monthly Elliott Wave structure.
His accompanying chart showed that XRP could drop to as low as $1.88 on this Wave 4 corrective move. Once that is done, the altcoin will witness its next leg up, rallying to as high as $5.8, which would mark a new ATH.
Dark Defender assured that Wave 4 will end soon and that XRP will continue to reach its targets. The crypto analyst recently affirmed that the altcoin is the “one” and explained why it would dominate Bitcoin and Ethereum.
Crypto analyst CasiTrades also suggested that XRP could further decline before its next leg to the upside. She noted that after the drop to $2.27, the altcoin showed no bullish RSI divergence, which signaled that the drop wasn’t quite done yet.
She added that the coin is now likely heading down to test the 0.618 golden retracement at $2.17, or possibly the golden pocket at $2.15 for a final low before “lift-off.” However, CasiTrades also mentioned that RSI is starting to build the bullish divergence and that the selling pressure is exhausting.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Altcoin
Gemini Crypto Exchange Announces Rewards For XRP Users, Here’s How To Get In


Gemini, the crypto exchange founded by the Winklevoss twins, is promoting its previously launched XRP cashback program, which offers crypto rewards to users. This initiative allows eligible participants to earn rewards on their XRP transactions. Here’s a look at the program details and the steps required to join.
Gemini Founder Unveils XRP Cashback Rewards
On March 27, Tyler Winklevoss reminded the XRP community and Ripple army on X (formerly Twitter) that they can earn rewards in the token whenever they use the Gemini Credit Card for purchases. The Gemini credit card, launched in partnership with Mastercard in 2021, allows users to choose cryptocurrencies from Bitcoin, Ethereum, XRP, and over 50 other digital assets for cashback.
Since adding XRP to its long portfolio of crypto cashback offerings in August 2023, Gemini has continued to support the third-largest cryptocurrency as an option for crypto enthusiasts. The Credit Card reward information announced by Winklevoss was well received by the XRP community.
He explained that the Gemini Credit Card allows users to earn crypto back each time they spend fiat. He clarified that this feature is only available to residents in the United States (US) currently. The Gemini founder also revealed that he has been using the Credit Card for years and has had a great experience accumulating significant crypto rewards from the cashback program.
Gemini’s Credit Card offers tiered cashback rates depending on the purchase categories. A 4% XRP cashback is offered on gas and EV charging, with up to $200 monthly. A 1% XRP cashback is available for fuel and EV charging after exceeding the monthly limit. Finally, a 3%, 2%, and 1% XRP cashback is provided for dining, groceries, and other purchases, respectively.
As XRP continues to push for widespread adoption, this Gemini cashback reward program strengthens its utility and encourages greater usability and investments.
Notably, Gemini isn’t the only crypto exchange embracing XRP in its rewards programs. Platforms like WhiteBIT and Bit2Me have also introduced similar programs. By offering an XRP cashback, Gemini and other crypto exchanges can make crypto more accessible, encourage faster adoption, and reinforce XRP’s role as a digital payment solution.
How To Participate In Gemini’s XRP Cashback
Gemini has specified that users interested in earning XRP rewards from Gemini’s cashback program must first qualify for the exchange’s Credit Card, which depends on their credit score. Approved applicants must secure their cards by June 30, 2025, to participate in the promotional offer.
The crypto exchange also stated that new cardholders could earn up to $200 in XRP cashback if they spend at least $3,000 within the first 90 days. Once earned, the XRP reward will be automatically deposited into their trading accounts on Gemini, enabling users to hold, trade, or sell whenever they wish. The Credit Card also comes with no extra annual, exchange, or foreign transaction fees, allowing crypto users to grow their portfolios continually.
Featured image from SCMP, chart from TradingView

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