Bitcoin Dips Amid Market Turmoil: Can Altcoins Stage a Comeback?

Key Points

1. Bitcoin's price dropped to $112,650 but rebounded to $114,000, with investors monitoring potential further declines or recovery.

2. Altcoins have retreated significantly due to Bitcoin's decline, with $112,000 being a critical support level to prevent greater losses.

3. Michael Poppe remains optimistic, suggesting Bitcoin could reach a higher low and test the $115,000 resistance level.

4. Upcoming announcements from Trump and Fed member Kashkari's remarks on policy rates could impact market sentiment.

5. The DeFi sector, particularly HYPE Coin, shows strong trading volume growth, with Hyperliquid dominating 75% of the perpetual DEX market.