- The Altcoin market capitalization has seen a $234 billion loss over the past two weeks.
- Several major cryptocurrencies have lost their recent all-time highs to trade at support levels.
Since the beginning of 2025, the crypto scene has been experiencing novelty in various forms. Firstly, with Bitcoin hitting new price milestones, the Altcoin market decided to stage a full-fledged rally. As this hype began to diminish, the Trump administration took the spotlight. Pro-crypto advancements in the US were reflected worldwide as the community saw widespread adoption.
However, focusing on the recent market crash, investors have faced a difficult time. According to Glassnode reports, in the past two weeks, the altcoin market suffered a significant $234 billion loss in market cap. This has caused major losses for investors who had just experienced huge amounts of profits.
Furthermore, the Bitcoin loss accounted for the next majority, but Glassnode identified that the altcoin market experienced a relatively higher level of losses. While the Bitcoin price decrease resulted from Trump’s tariff threats, the altcoin sector was dunked due to multiple challenges.
Firstly, the side-selling pressure and the lack of mainstream adoption resulted in its decline. Recently, within the last two weeks, one analyst, Ali commented that there has been no sign of AltSeason. This consistent downward movement of the Altcoin market has led to the aforementioned losses.
Will the Altcoin Market Recover?
In the past 24 hours, according to CMC data, the overall crypto market cap shows a 2.68% drop. This shows that the Altcoin sector is still facing downward movements, after the recent recovery. With almost every member of the Altcoin market declining, the past day seems to have witnessed yet another modest price crash.
However, particular altcoins have begun to show upward movements. For instance, the FTX token showed modest gains in the last 24 hours. Meanwhile, leading tokens such as Solana and XRP have shown downward movements similar to Bitcoin.
When looking at whether the market will recover, it looks uncertain. Analysts have predicted support levels that could help in rebounds in the coming months.
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