Bitcoin has stabilized around $88,000, while altcoins such as XRP, PEPE, and SUI are leading a market rebound. According to Santiment data, there is a noticeable shift in trader focus and capital towards mid-cap and high-volume altcoins. SUI has surged by 11%, PEPE by 8%, and both XRP and NEAR have increased by 7%.
This altcoin rally comes after a recent selloff driven by liquidations, with traders now seeking opportunities following the market correction. The future direction of the market will largely depend on Bitcoin's ability to maintain its position above $80,000.
Bitcoin Holds Steady as Altcoins XRP, PEPE, and SUI Surge
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