Bitcoin is stuck despite interest rate cuts, altcoins are falling.

Current Status of Bitcoin

Bitcoin briefly fell below the $90,000 level following the 25 basis point interest rate cut implemented by the Federal Reserve on Wednesday. However, price movements lacked a clear fundamental catalyst and experienced a rapid recovery.

Developments in the Altcoin Market

On the other hand, tokens such as JUP, KAS, and QNT experienced double-digit losses on a weekly basis. CoinMarketCap's altcoin season index has also fallen to 16/100, reaching its lowest level in the cycle.

Impact on the Memecoin Market

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