{"id":404379,"date":"2024-07-05T02:30:21","date_gmt":"2024-07-04T21:00:21","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=404379"},"modified":"2024-07-04T17:53:11","modified_gmt":"2024-07-04T12:23:11","slug":"bitcoin-falls-below-59k-its-time-to-hold-off-on-altcoins-experts-warn","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/bitcoin-falls-below-59k-its-time-to-hold-off-on-altcoins-experts-warn\/","title":{"rendered":"Bitcoin falls below $59K: It&#8217;s time to hold off on altcoins, experts warn"},"content":{"rendered":"<ul>\n<li><em>Bitcoin&#8217;s fall below $59,000 has triggered significant market liquidations, particularly impacting altcoins.<\/em><\/li>\n<li><em>Analysts advise caution, suggesting a pause in accumulating altcoins due to current market uncertainties and weak signals.<\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In a dramatic 24-hour period, the global cryptocurrency market witnessed a sharp 4.7% drop, driven by a significant downturn in <a href=\"https:\/\/ambcrypto.com\/category\/bitcoin-news\/\" target=\"_blank\" rel=\"noopener\">Bitcoin\u2019s [BTC]<\/a> price, which fell below the critical $59,000 mark. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This decline has rippled through the market, impacting altcoins severely.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As Bitcoin struggles to maintain its footing, the altcoin sector experienced a substantial reduction in market cap from $1.03 trillion at the beginning of this month to just $953 billion at press time.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bitcoin&#8217;s recent slip below $59,000 marks a critical juncture in the cryptocurrency market, reflecting broader uncertainty and triggering widespread sell-offs. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The downward trend has cast doubts about the sustained health of the bull market, with Bitcoin testing support levels multiple times\u2014an indicator of potential market weakness.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On Crypto Banter&#8217;s \u201cThe Ran Show,\u201d analysts <\/span><a href=\"https:\/\/www.youtube.com\/watch?v=5CLYB4XRDwI\"><span style=\"font-weight: 400;\">highlighted<\/span><\/a><span style=\"font-weight: 400;\"> the precarious position of Bitcoin at the lower end of its trading range, suggesting that repeated testing of these levels may signal an imminent market shift.<\/span><\/p>\n<h2><strong>Steer clear from altcoins<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">During these tumultuous market conditions, experts are advising traders to exercise caution, particularly with altcoins.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> Recent patterns and market data suggest a cooling period for altcoins, which have been significantly affected by Bitcoin&#8217;s prolonged price adjustments.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The analyst from Crypto Banter noted that while altcoins typically have periods of recovery, the current market conditions are not favorable for immediate rebounds. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Using <a href=\"https:\/\/ambcrypto.com\/predictions\/pendle-price-prediction\" target=\"_blank\" rel=\"noopener\">Pendle [PENDLE]<\/a> as an example, the analyst revealed that the altcoin has experienced a notable decline not due to protocol issues but because of external market pressures, illustrating the volatile nature of altcoin investments during uncertain times.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The advice from the analyst is to focus on robust on-chain data and avoid being swayed by fleeting social media trends. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Crypto Banter analyst also made mention of FTX&#8217;s recent move, which could potentially return more funds to users than initially lost, hinting at a positive turn in market liquidity that might support recovery.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Comparing Bitcoin&#8217;s market cap growth to major financial institutions and traditional assets like gold, the analyst reinforced the long-term value proposition of Bitcoin despite short-term volatilities.<\/span><\/p>\n<h2><strong>Solana: A case study in volatility<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">While the analyst recommended caution with altcoins, it makes sense to examine <a href=\"https:\/\/ambcrypto.com\/predictions\/solana-price-prediction\" target=\"_blank\" rel=\"noopener\">Solana [SOL]<\/a>, the third-largest altcoin on the market, as a specific case of the impact of the market\u2019s downturn on altcoins. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Solana has been heavily impacted; over the last 24 hours alone, SOL\u2019s price has decreased by 7.3%, trading at $134.83 at press time. This downturn followed a brief surge tied to <\/span><a href=\"https:\/\/ambcrypto.com\/solana-etf-hype-pushes-sols-price-by-18-whats-next\/\"><span style=\"font-weight: 400;\">excitement over potential ETFs<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This decrease in Solana&#8217;s value has had a significant effect on traders. According to <\/span><a href=\"https:\/\/www.coinglass.com\/LiquidationData\"><span style=\"font-weight: 400;\">Coinglass<\/span><\/a><span style=\"font-weight: 400;\">, over the past day, 106,449 traders have faced liquidations totaling $289.26 million. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Of this, Solana-related liquidations amounted to approximately $12.55 million, predominantly from long positions. Specifically, Solana long liquidations totaled $10.76 million, compared to $1.80 million from short positions.<\/span><\/p>\n<figure id=\"attachment_404380\" aria-describedby=\"caption-attachment-404380\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-04-at-10.00.30.png\"><img decoding=\"async\" class=\"wp-image-404380 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-04-at-10.00.30.png\" alt=\"Source: Coinglass\" width=\"2560\" height=\"743\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-04-at-10.00.30.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-04-at-10.00.30-300x87.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-04-at-10.00.30-1024x297.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-04-at-10.00.30-768x223.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-04-at-10.00.30-1536x446.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-04-at-10.00.30-2048x595.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-04-at-10.00.30-1200x348.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-404380\" class=\"wp-caption-text\">Source: Coinglass<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\">Read\u00a0<a href=\"https:\/\/ambcrypto.com\/predictions\/bitcoin-price-prediction\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Bitcoin\u2019s [BTC] Price Prediction<\/a>\u00a02024-25<\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">The downturn appears to be affecting Solana&#8217;s on-chain activity. AMBCrypto&#8217;s look at <\/span><a href=\"https:\/\/solscan.io\/analytics\"><span style=\"font-weight: 400;\">Solscan<\/span><\/a><span style=\"font-weight: 400;\"> indicated a marked decline in the number of active addresses. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">From over 1.2 million addresses last month, the number has dropped to 882,000 at press time, highlighting a waning user engagement amid current market conditions.<\/span><\/p>\n<figure id=\"attachment_404381\" aria-describedby=\"caption-attachment-404381\" style=\"width: 1286px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/Active-Wallets.png\"><img decoding=\"async\" class=\"wp-image-404381 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/Active-Wallets.png\" alt=\"Source: Solscan\" width=\"1286\" height=\"720\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/Active-Wallets.png 1286w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/Active-Wallets-300x168.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/Active-Wallets-1024x573.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/Active-Wallets-768x430.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/Active-Wallets-1200x672.png 1200w\" sizes=\"(max-width: 1286px) 100vw, 1286px\" \/><\/a><figcaption id=\"caption-attachment-404381\" class=\"wp-caption-text\">Source: Solscan<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Amidst Bitcoin&#8217;s drop below $59,000, an analyst has warned investors to avoid accumulating altcoins.<\/p>\n","protected":false},"author":89,"featured_media":404439,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,35,360,66,3,4,20],"tags":[6427],"class_list":["post-404379","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-bitcoin-news","category-btc-trading-view","category-new-news","category-news","category-social","category-trading-view","tag-ambcrypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bitcoin Plummets Below $59K: Why It&#039;s Time to Hold Off on Altcoins, Experts Warn<\/title>\n<meta name=\"description\" content=\"Amid the recent drop of Bitcoin&#039;s price below $59,000 an analyst has warned investors to avoid accumulating altcoins for now.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/bitcoin-falls-below-59k-its-time-to-hold-off-on-altcoins-experts-warn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin falls below $59K: It&#039;s time to hold off on altcoins, experts warn - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Amidst Bitcoin&#039;s drop below $59,000, an analyst has warned investors to avoid accumulating altcoins.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/bitcoin-falls-below-59k-its-time-to-hold-off-on-altcoins-experts-warn\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-04T21:00:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/BTC-SAM-FI.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1792\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samuel Edyme\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/x.com\/0xEdyme\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samuel Edyme\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-falls-below-59k-its-time-to-hold-off-on-altcoins-experts-warn\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-falls-below-59k-its-time-to-hold-off-on-altcoins-experts-warn\\\/\"},\"author\":{\"name\":\"Samuel Edyme\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/cde2c3c2ed19c1fbe68d20b279b10d26\"},\"headline\":\"Bitcoin falls below $59K: It&#8217;s time to hold off on altcoins, experts warn\",\"datePublished\":\"2024-07-04T21:00:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-falls-below-59k-its-time-to-hold-off-on-altcoins-experts-warn\\\/\"},\"wordCount\":577,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-falls-below-59k-its-time-to-hold-off-on-altcoins-experts-warn\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/BTC-SAM-FI.jpg\",\"keywords\":[\"ambcrypto\"],\"articleSection\":[\"Altcoin\",\"Bitcoin\",\"BTC Trading View\",\"News\",\"News 1\",\"Social\",\"Trading View\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-falls-below-59k-its-time-to-hold-off-on-altcoins-experts-warn\\\/#respond\"]}],\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-falls-below-59k-its-time-to-hold-off-on-altcoins-experts-warn\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-falls-below-59k-its-time-to-hold-off-on-altcoins-experts-warn\\\/\",\"name\":\"Bitcoin Plummets Below $59K: Why It's Time to Hold Off on Altcoins, Experts Warn\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-falls-below-59k-its-time-to-hold-off-on-altcoins-experts-warn\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-falls-below-59k-its-time-to-hold-off-on-altcoins-experts-warn\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/BTC-SAM-FI.jpg\",\"datePublished\":\"2024-07-04T21:00:21+00:00\",\"description\":\"Amid the recent drop of Bitcoin's price below $59,000 an analyst has warned investors to avoid accumulating altcoins for now.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-falls-below-59k-its-time-to-hold-off-on-altcoins-experts-warn\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-falls-below-59k-its-time-to-hold-off-on-altcoins-experts-warn\\\/#primaryimage\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/BTC-SAM-FI.jpg\",\"contentUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/BTC-SAM-FI.jpg\",\"width\":1792,\"height\":1024,\"caption\":\"Bitcoin falls below $59K: It's time to hold off on altcoins, experts warn\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#website\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/\",\"name\":\"AMBCrypto\",\"description\":\"Stay Ahead!\",\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"alternateName\":\"AMBCrypto News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/ambcrypto.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\",\"name\":\"AMBCrypto\",\"alternateName\":\"AMBCrypto News\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/amb-wide.jpg\",\"width\":600,\"height\":60,\"caption\":\"AMBCrypto\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/cryptoamb\",\"https:\\\/\\\/x.com\\\/CryptoAmb\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/13629485\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/cde2c3c2ed19c1fbe68d20b279b10d26\",\"name\":\"Samuel Edyme\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/Image_20240430_103130_537-e1714473389562-100x100.jpeg\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/Image_20240430_103130_537-e1714473389562-100x100.jpeg\",\"contentUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/Image_20240430_103130_537-e1714473389562-100x100.jpeg\",\"caption\":\"Samuel Edyme\"},\"description\":\"Samuel Edyme works as a freelance cryptocurrency journalist, with a special focus on market analyses and the real-world implications of the nascent crypto-market.\",\"sameAs\":[\"https:\\\/\\\/ng.linkedin.com\\\/in\\\/edyme\",\"https:\\\/\\\/x.com\\\/https:\\\/\\\/x.com\\\/0xEdyme\"],\"url\":\"https:\\\/\\\/ambcrypto.com\\\/author\\\/samuel-edyme\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bitcoin Plummets Below $59K: Why It's Time to Hold Off on Altcoins, Experts Warn","description":"Amid the recent drop of Bitcoin's price below $59,000 an analyst has warned investors to avoid accumulating altcoins for now.","robots":{"index":"index","follow":"follow","max-image-preview":"max-image-preview:large"},"canonical":"https:\/\/ambcrypto.com\/bitcoin-falls-below-59k-its-time-to-hold-off-on-altcoins-experts-warn\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin falls below $59K: It's time to hold off on altcoins, experts warn - AMBCrypto","og_description":"Amidst Bitcoin's drop below $59,000, an analyst has warned investors to avoid accumulating altcoins.","og_url":"https:\/\/ambcrypto.com\/bitcoin-falls-below-59k-its-time-to-hold-off-on-altcoins-experts-warn\/","og_site_name":"AMBCrypto","article_publisher":"https:\/\/www.facebook.com\/cryptoamb","article_published_time":"2024-07-04T21:00:21+00:00","og_image":[{"width":1792,"height":1024,"url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/BTC-SAM-FI.jpg","type":"image\/jpeg"}],"author":"Samuel Edyme","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/x.com\/0xEdyme","twitter_site":"@CryptoAmb","twitter_misc":{"Written by":"Samuel Edyme","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ambcrypto.com\/bitcoin-falls-below-59k-its-time-to-hold-off-on-altcoins-experts-warn\/#article","isPartOf":{"@id":"https:\/\/ambcrypto.com\/bitcoin-falls-below-59k-its-time-to-hold-off-on-altcoins-experts-warn\/"},"author":{"name":"Samuel Edyme","@id":"https:\/\/ambcrypto.com\/#\/schema\/person\/cde2c3c2ed19c1fbe68d20b279b10d26"},"headline":"Bitcoin falls below $59K: It&#8217;s time to hold off on altcoins, experts warn","datePublished":"2024-07-04T21:00:21+00:00","mainEntityOfPage":{"@id":"https:\/\/ambcrypto.com\/bitcoin-falls-below-59k-its-time-to-hold-off-on-altcoins-experts-warn\/"},"wordCount":577,"commentCount":0,"publisher":{"@id":"https:\/\/ambcrypto.com\/#organization"},"image":{"@id":"https:\/\/ambcrypto.com\/bitcoin-falls-below-59k-its-time-to-hold-off-on-altcoins-experts-warn\/#primaryimage"},"thumbnailUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/BTC-SAM-FI.jpg","keywords":["ambcrypto"],"articleSection":["Altcoin","Bitcoin","BTC Trading View","News","News 1","Social","Trading View"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ambcrypto.com\/bitcoin-falls-below-59k-its-time-to-hold-off-on-altcoins-experts-warn\/#respond"]}],"copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/ambcrypto.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ambcrypto.com\/bitcoin-falls-below-59k-its-time-to-hold-off-on-altcoins-experts-warn\/","url":"https:\/\/ambcrypto.com\/bitcoin-falls-below-59k-its-time-to-hold-off-on-altcoins-experts-warn\/","name":"Bitcoin Plummets Below $59K: Why It's Time to Hold Off on Altcoins, Experts Warn","isPartOf":{"@id":"https:\/\/ambcrypto.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ambcrypto.com\/bitcoin-falls-below-59k-its-time-to-hold-off-on-altcoins-experts-warn\/#primaryimage"},"image":{"@id":"https:\/\/ambcrypto.com\/bitcoin-falls-below-59k-its-time-to-hold-off-on-altcoins-experts-warn\/#primaryimage"},"thumbnailUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/BTC-SAM-FI.jpg","datePublished":"2024-07-04T21:00:21+00:00","description":"Amid the recent drop of Bitcoin's price below $59,000 an analyst has warned investors to avoid accumulating altcoins for now.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ambcrypto.com\/bitcoin-falls-below-59k-its-time-to-hold-off-on-altcoins-experts-warn\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ambcrypto.com\/bitcoin-falls-below-59k-its-time-to-hold-off-on-altcoins-experts-warn\/#primaryimage","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/BTC-SAM-FI.jpg","contentUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/BTC-SAM-FI.jpg","width":1792,"height":1024,"caption":"Bitcoin falls below $59K: It's time to hold off on altcoins, experts warn"},{"@type":"WebSite","@id":"https:\/\/ambcrypto.com\/#website","url":"https:\/\/ambcrypto.com\/","name":"AMBCrypto","description":"Stay Ahead!","publisher":{"@id":"https:\/\/ambcrypto.com\/#organization"},"alternateName":"AMBCrypto News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ambcrypto.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ambcrypto.com\/#organization","name":"AMBCrypto","alternateName":"AMBCrypto News","url":"https:\/\/ambcrypto.com\/","logo":{"@type":"ImageObject","@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/04\/amb-wide.jpg","width":600,"height":60,"caption":"AMBCrypto"},"image":{"@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/cryptoamb","https:\/\/x.com\/CryptoAmb","https:\/\/www.linkedin.com\/company\/13629485\/"]},{"@type":"Person","@id":"https:\/\/ambcrypto.com\/#\/schema\/person\/cde2c3c2ed19c1fbe68d20b279b10d26","name":"Samuel Edyme","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Image_20240430_103130_537-e1714473389562-100x100.jpeg","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Image_20240430_103130_537-e1714473389562-100x100.jpeg","contentUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Image_20240430_103130_537-e1714473389562-100x100.jpeg","caption":"Samuel Edyme"},"description":"Samuel Edyme works as a freelance cryptocurrency journalist, with a special focus on market analyses and the real-world implications of the nascent crypto-market.","sameAs":["https:\/\/ng.linkedin.com\/in\/edyme","https:\/\/x.com\/https:\/\/x.com\/0xEdyme"],"url":"https:\/\/ambcrypto.com\/author\/samuel-edyme\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts\/404379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/users\/89"}],"replies":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/comments?post=404379"}],"version-history":[{"count":0,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts\/404379\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/media\/404439"}],"wp:attachment":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/media?parent=404379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/categories?post=404379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/tags?post=404379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}