The crypto market experienced volatility this week with altcoins seeing significant losses, while Bitcoin remained stable near all-time highs.
Top 5 worst-performing altcoins in the past 7 days include Pyth Network (PYTH), Story Protocol (IP), Sonic (prev. FTM), IOTA, and EOS.
Altcoins typically crash before experiencing a pump in a crypto bull cycle, as seen historically. This trend is likely to occur again in 2025.
Total Crypto Market Cap excluding Bitcoin (TOTAL2) is at a critical point, suggesting a potential bounce that could lead to a recovery for altcoins like PYTH, IP, Sonic, IOTA, and EOS.