{"id":40632,"date":"2025-06-13T11:36:12","date_gmt":"2025-06-13T11:36:12","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/06\/13\/top-reasons-why-bitcoin-and-altcoins-like-bonk-floki-pepe-may-rebound\/"},"modified":"2025-06-13T11:36:12","modified_gmt":"2025-06-13T11:36:12","slug":"top-reasons-why-bitcoin-and-altcoins-like-bonk-floki-pepe-may-rebound","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/06\/13\/top-reasons-why-bitcoin-and-altcoins-like-bonk-floki-pepe-may-rebound\/","title":{"rendered":"Top reasons why Bitcoin and altcoins like Bonk, Floki, Pepe may rebound"},"content":{"rendered":"
<\/div>\n

Bitcoin and other altcoins like Bonk, Floki, and Pepe crashed on Friday as concerns about geopolitics rose. BTC price plunged to $102,000, and then bounced back above $105,000. <\/p>\n

Other top altcoins like Bonk, Floki, and Pepe also plunged, with the total market cap of all coins dropping to $3.2 trillion. This article explains why these tokens may bounce back in the coming days.<\/p>\n

Bitcoin and altcoin crash was a knee-jerk reaction<\/h2>\n

The first main reason why Bitcoin and altcoins like Pepe, Bonk, and Floki may bounce back is that the crash was a knee-jerk reaction or an overreaction. <\/p>\n

Historically, risky assets like stocks and cryptocurrencies plunge whenever there are significant black-swan events. <\/p>\n

A good example of this is when they crashed at the onset of the Covid-19 pandemic in 2020. Most of them plunged as investors predicted the \u201cend of the world.\u201d<\/p>\n

Most recently, Bitcoin and these altcoins plunged when Donald Trump delivered his \u201cLiberation Day<\/a>\u201d speech introducing \u201creciprocal\u201d tariffs on all countries, including allies and foes. <\/p>\n

Bitcoin crashed to $74,500 after Trump introduced tariffs, triggering a bigger dive among other altcoins. <\/p>\n

Another notable event was the crypto market crash<\/a> <\/strong>that happened in late 2022 following the collapse of FTX. Bitcoin and other altcoins bounced back after that. <\/p>\n

Bitcoin demand and supply is supportive<\/h2>\n

The other main reason why Bitcoin and other altcoins may bounce back soon is that the demand and supply is supportive. <\/p>\n

Data shows<\/a> that spot Bitcoin ETFs had net inflows of over $86 million on Friday, bringing the cumulative total to over $45 billion. BlackRock\u2019s IBIT had net inflows of $288 million on Thursday, which was offset by a $197 million outflow from Fidelity\u2019s fund. <\/p>\n

IBIT now has over $72 billion in inflows, while Fidelity\u2019s FBTC has $21.1 billion, while Ark Invest has $5 billion. <\/p>\n

Spot Ethereum ETFs are also attracting substantial inflows. They had net inflows of over $112 million on Thursday, with BlackRock\u2019s ETHA having inflows of $101 million. It has brought its net assets to $4.5 billion. These funds have had inflows in the last five consecutive weeks.<\/p>\n

At the same time, their supply on exchanges have plunged this year. Bitcoin supply on exchanges has dropped to 1.1 million from the year-to-date high of $1.5 million. The supply of Ethereum also continued to fall this year. <\/p>\n

Therefore, the ongoing demand and supply metrics mean that Bitcoin price will bounce back this year. If this happens, other altcoins like Pepe, Bonk, and Floki will surge. <\/p>\n

Bitcoin price cup and handle<\/h2>\n
BTC price chart | Source: TradingView<\/a><\/figcaption><\/figure>\n

The other main reason why Bitcoin price will bounce back in the coming weeks is its strong technicals. The daily chart shows that the coin formed a double-top pattern at $109,200. <\/p>\n

It then formed a rounded bottom, confirming the cup section of the cup-and-handle pattern, a popular bullish signal. It is now forming the handle section of this pattern.<\/p>\n

The cup section has a depth of 30%. Measuring the same depth and the upper side of the cup-and-handle pattern gives it a target of $143,000. It has also moved above the 50-day and 100-day Exponential Moving Averages.<\/p>\n

Therefore, the coin will likely bounce back in the coming days. Such a move will then trigger more gains among altcoins.<\/p>\n

Read more: Top 3 altcoins to buy the dip in as the crypto crash accelerates<\/a><\/p>\n

The post Top reasons why Bitcoin and altcoins like Bonk, Floki, Pepe may rebound<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin and other altcoins like Bonk, Floki, and Pepe crashed on Friday as concerns about geopolitics rose. BTC price plunged to $102,000, and then bounced back above $105,000.  Other top altcoins like Bonk, Floki, and Pepe also plunged, with the total market cap of all coins dropping to $3.2 trillion. This article explains why these <\/p>\n","protected":false},"author":1,"featured_media":40633,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-40632","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/40632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=40632"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/40632\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/40633"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=40632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=40632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=40632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}