Bitcoin Awakens, Altcoins Flee in Terror

It’s time to grab your towel and buckle up, folks, because the crypto market is getting weird again 🚀. According to some clever chap named Wedson, a bunch of altcoins are now moving in sync with Bitcoin, which is apparently a thing that happens from time to time 🤔.

It seems that XRP has decided to go its own way, with its correlation to BTC slipping from 0.79 to 0.70. Meanwhile, Solana (SOL) has jumped from 0.53 to 0.75, because who doesn’t love a good game of correlation musical chairs? 🎶 Ethereum (ETH) and THETA, on the other hand, are still BFFs with Bitcoin, mirroring its every move like a pair of crypto-obsessed stalkers 👀.

But wait, there’s more! Over 1,400 altcoins have apparently gone the way of the dodo, and Wedson thinks this is a jolly good thing 🎉. “It’s a sign of maturation,” he said, because who needs a bunch of weak, speculative projects cluttering up the place? 🚮 “Now the real, problem-solving crypto assets can shine,” he added, because who doesn’t love a good underdog story? 🐕

And if that’s not enough, some outfit called Alphractal is claiming that Bitcoin is undergoing a rare on-chain event 🚨. Apparently, the SOPR Trend Signal is rising for the third time in this bull market, which is unprecedented and all that jazz 🎺. “As long as the blue line stays above the orange, market conditions remain stable,” they said, because who doesn’t love a good game of crypto-technical-analysis- Simon-says? 🤷‍♂️

So, there you have it, folks. The crypto market is getting weird, and everyone’s either freaking out or telling you to keep calm and carry on 😂. Just remember, when in doubt, always follow the advice of the great philosopher, Douglas Adams: “Don’t panic!” 😅

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2025-07-08 11:30