BTC Drops Below IDR1.6 Billion: Traders Watch XRP, ETH, SOL, and HYPE-What Happened?

Jakarta, Pintu News – After the price of Bitcoin (BTC) fell below the psychological mark of USD 100,000 or around Rp1.648 billion, the crypto market’s attention turned to several major altcoins.

Under conditions of high volatility and bearish sentiment, traders began to focus analysis on the movements of XRP (XRP), Ethereum (ETH), Solana (SOL), and Hype (HYPE) as new opportunities in the cryptocurrency market. This phenomenon signals that the market is not only fixated on Bitcoin, but is also responding to the dynamics in other crypto assets.

The state of the crypto market after Bitcoin’s sharp drop

Bitcoin’s (BTC) significant price drop triggered a negative sentiment across the crypto ecosystem. Many retail and institutional traders briefly went short to limit losses. However, others saw this moment as an opportunity to buy undervalued altcoins. Crypto market conditions often reflect a quick response to macro events and investor psychology.

In addition to Bitcoin, major cryptocurrency assets such as Ethereum (ETH), Solana (SOL), and XRP (XRP) experienced immediate price pressure. Bitcoin’s drastic decline is usually followed by a correction in altcoins, but sometimes it also opens up opportunities for capital rotation from BTC to other crypto assets that are on the rise. This situation is of particular interest to traders looking to make the most of price fluctuations.

Read More: Crypto Market Crisis: The Impact of US Attack on Iran on Bitcoin and Ethereum!

XRP, ETH, and SOL: Potential Moves Amid Volatility

After Bitcoin’s price drop, many analysts started highlighting XRP (XRP) as one of the assets that could potentially experience a reversal. XRP has been known to be stable amid major shocks and has a strong community base. XRP trading volume tends to increase when Bitcoin volatility is high, making it a favorite alternative when market conditions are uncertain.

Ethereum (ETH) and Solana (SOL) also received great attention. Ethereum remains the top choice thanks to its vast DeFi ecosystem and regular technology updates. Meanwhile, Solana (SOL) is notable for its transaction speed and extremely low fees. In situations of market pressure, these two assets are often chosen by investors who believe in the long-term fundamentals of their blockchains.

HYPE: Altcoin Newcomers Amid Uncertainty

In addition to the big altcoins, the name Hype (HYPE) is gaining attention due to its speculative price movements. HYPE is known as one of the cryptocurrencies that is often actively traded among short-term traders. HYPE’s volatility can be very high, so it has the potential to provide large profits, but also risks that are not less large.

Despite being relatively new, HYPE is showing increasing trading volumes. This shows that interest in new projects in the crypto market remains high, despite the general market correction. Traders are advised to do in-depth research before getting into new altcoins like HYPE, as the potential rewards go hand in hand with the high risks.

Capital Rotation and Diversification Strategies in the Cryptocurrency Market

Whenever Bitcoin price breaks through psychologically important thresholds such as USD 100,000 (IDR 1.648 billion), the crypto market usually undergoes a collective change in investment strategy. Traders start looking at altcoins such as XRP, ETH, SOL, and HYPE as new alternatives. The phenomenon of capital rotation and portfolio diversification is increasingly practiced to reduce the impact of volatility in the cryptocurrency market.

This emphasizes the importance of education, on-chain data analysis, and understanding the fundamentals of crypto assets before making investment decisions. With such a dynamic situation, opportunities and risks in the crypto market always go hand in hand.

Also Read: Sharp ADA Decline Amid Geopolitical Tensions, What’s the Impact? (23/6/25)

That’s the latest information about crypto. Follow us on Google News for the latest crypto and blockchain technology updates. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Cointelegraph. Traders watch XRP, ETH, SOL and HYPE now that Bitcoin trades below $100K. Accessed June 23, 2025.
• Featured Image: Generated by Ai