Bitcoin got stuck despite interest rate cuts, altcoins are in decline.

Bitcoin's Current Status

Bitcoin temporarily fell below the $90,000 level following the 25 basis point rate cut implemented by the Federal Reserve on Wednesday. However, price movements remained devoid of a clear fundamental catalyst, and a rapid recovery was observed.

Developments in the Altcoin Market

Meanwhile, tokens such as JUP, KAS, and QNT experienced double-digit losses on a weekly basis. CoinMarketCap’s altcoin season index declined to a level of 16/100, marking its lowest point in the cycle.

Effects on the Memecoin Market

CoinDesk’s Memecoin Index has shown a decline of %59 since the beginning of the year. This situation is interpreted as a sign of the transition from retail investors to institutional investors. This shift indicates that more slowly moving, institutionally-focused dynamics are taking precedence in the markets.