ChainCatcher news, according to Cointelegraph, Felix Hartmann, the founder of venture capital firm Hartmann Capital, stated that most altcoins may continue to show a downward trend until the end of January 2025."Some altcoins may continue to rise briefly, but most altcoins are likely to slowly decline or consolidate for 2-6 weeks," Hartmann said in a post on X on December 10. "(In my opinion) there isn't much opportunity to chase altcoins here, as many altcoins peaked after 2-3 fluctuations within a week."

ChainCatcher news, Into The Cryptoverse founder Benjamin Cowen posted on X: "It seems that the grand finale of the altcoin reckoning is finally here. The altcoin reckoning should conclude by December 2024 (at the latest by the second week of January 2025). It has been a long journey, and many have given up along the way, but this process will always continue."

ChainCatcher message, according to CoinDesk, FxPro senior market analyst Alex Kuptsikevich stated in a report on Thursday that the Federal Reserve's impending easing of monetary policy may encourage BTC bulls to overcome the short-term downward trend, potentially pushing Bitcoin to reach $66,000.However, the report also noted that new selling momentum remains dominant and could pull back to $55,000.

ChainCatcher news, macro research institution Real Vision founder Raoul Pal posted on social media that when the price of SUI skyrocketed, everyone realized they did not hold SUI. If SUI wants to prove itself worthy of becoming the next big hit, it needs to break the downward trend to compete with SOL, but so far it seems to have not achieved that, and he will be looking forward to that moment.