The Ripple Effect of Bitcoin’s $90,000 Lull: A New Chapter for Altcoins | by Saad Jameel | The Capital | Dec, 2024
I can’t forget that morning in late 2024 when I spotted something fascinating in the crypto world. Bitcoin was just sitting there at $90k — unusually calm for the big beast of crypto. Others saw it as a pit stop on the way to the moon, but my gut told me there was more to the story.
The deeper I dug into my research, the more convinced I became that something bigger was brewing. You could feel it in the crypto community — this buzz about what might happen next. I kept hearing whispers about altcoins, those smaller cryptos living in Bitcoin’s shadow. The thing that really grabbed me was watching Ethereum’s price compared to Bitcoin. It wasn’t backing down, and that got me thinking.
You can’t ignore what the Fed’s been doing with interest rates — it’s like this invisible hand pushing and pulling at the crypto market. Then there’s all this talk about new Bitcoin regulations. Made me wonder if some traders were starting to look elsewhere for their next big win.
I’ve seen this movie before. When Bitcoin takes a breather, things tend to get interesting. It’s like the tide going out, revealing all these opportunities in other coins. The old-timers in crypto know this dance — Bitcoin steadies, and suddenly everyone’s hunting for the next gem.
