Bitcoin Recovers, But Altcoins Struggle To Keep Up

The last few weeks have been tough for crypto investors. Indeed, they have been marked by a prolonged market decline and a growing sense of distrust. Bitcoin, the engine of the sector, however, recorded a spectacular rebound. Thus, it surpassed $84,000 after having fallen to as low as $78,248. This turnaround raises an essential question: is this a true signal of recovery or just a mere bounce before a new phase of turbulence? In the shadow of this rise, major altcoins like Ethereum (ETH), Solana (SOL), and XRP have experienced mixed performance. Some may take advantage of this to regain ground, while others remain under pressure.

Bitcoin Experiences an Unexpected Rebound After Weeks of Decline

After several weeks marked by a continuous decline, Bitcoin has initiated a significant trend reversal and has risen above $84,000. On Friday, February 28, 2025, the first cryptocurrency recorded an increase of 6 %, a movement that follows a low of $78,248. This sudden surge has rekindled the interest of investors and analysts, with some even citing technical signals that suggest a lasting turnaround.

The Relative Strength Index (RSI), often used to identify oversold or overbought zones, has played a key role in this dynamic. Thus, last week, the 14-day RSI fell below 30, a level that historically indicates an oversold market and potentially ready to bounce back. This technical signal has bolstered the confidence of buyers, who seized the opportunity to enter the market, thereby contributing to the price increase. Meanwhile, the fear and greed index, a barometer of investor sentiment, rose from 10 to 20 points, although it still remains in the extreme fear zone. These indicators reflect an improvement in market conditions, but they do not entirely eliminate the risks.

Ethereum, Solana and XRP : Opportunities or Traps for Investors?

As Bitcoin regains strength, the altcoins continue to show signs of weakness. Over the past seven days, Ethereum has fallen by 20 %, Solana by 19 %, and XRP by 17 %, against a 12 % decline for Bitcoin. This phenomenon is not new. Historically, altcoins tend to underperform Bitcoin during market pullbacks. However, some signals indicate that these cryptos could experience a resurgence of interest in the coming weeks.

Ethereum defended its key support at $2,100, marking an initial signal of stabilization. Last weekend, the asset rebounded at $2,144, thus reversing a trend marked by increasingly lower lows. Solana, for its part, reached a daily peak of $150.79, its highest level since February 25. Finally, XRP, while more volatile, seems to be entering a phase of stabilization. Despite these encouraging signs, altcoins still face several uncertainties, including the evolution of global trade tensions and the growing dominance of Bitcoin, which has risen from 55 % in December to 61 % today.

The rebound of Bitcoin suggests two possible scenarios for the coming weeks. If the bullish trend confirms, altcoins could regain strength and capture a share of market liquidity. Conversely, if Bitcoin continues to increase its dominance, these assets may struggle to catch up. The market remains fragile, influenced by macroeconomic factors and the volatility of traditional assets. In this uncertain environment, investors will closely monitor Bitcoin’s next movements, which will determine the direction of the entire crypto market.