Bitcoin price experienced a sudden and sharp decline over the past 24 hours, falling below $105,000 at its lowest and causing investors to question whether the $85,000 forecast is now within reach. As of the time of this report, Bitcoin is trading at $103,800 with little indication of immediate recovery. Market analysts suggest this drop is partly driven by weakening BTC dominance as altcoins gain momentum, signaling the possible start of an extended alt-season.
Seasoned crypto analyst Ali Martinez reported that whale investors booked approximately $272 million in Bitcoin profits recently, indicating profit-taking and capital rotation ahead of a potential further decline. This move underscores the caution among large holders and reflects a strategic exit as the market sentiment shifts. In light of these developments, many analysts are recommending investors consider altcoins for hedging and growth opportunities.
Among the altcoins drawing attention is Zcash (ZEC), which opened at $476.18 and is currently up 22.9%. Despite its gains, analysts warn that ZEC could see a short-term price correction toward its support level of $443.90, with a deeper decline to $304.32 if support fails. While ZEC has a significant market capitalization exceeding $7 billion, which may limit extreme upside, it remains a noteworthy option for investors seeking exposure to established altcoins.
Remittix (RTX) is emerging as a particularly promising altcoin for 2025. This Ethereum-based PayFi solution facilitates seamless crypto-to-fiat transfers across more than 30 countries, leveraging DeFi, local payment networks, and blockchain technology to bridge a $19 trillion global payment gap between Web2 and Web3. Remittix enables users to send crypto converted on the platform directly to bank accounts as fiat, while also providing a business API tailored for freelancers, SMEs, and marketplaces.
The platform offers fast, reliable transfers without requiring recipients to hold a wallet, and it addresses common foreign exchange conversion issues. With a completed CertiK audit and an ongoing beta test of its wallet, Remittix is building trust and transparency, drawing increased attention from investors seeking innovative financial solutions in the crypto space.
As Bitcoin faces headwinds and investor sentiment becomes more cautious, the spotlight is shifting to altcoins like Zcash and Remittix that could deliver significant returns in 2025. Market watchers will continue to monitor BTC’s price trajectory, but for now, strategic diversification into select altcoins may present opportunities for both hedging and growth in a volatile market.
