Leading Altcoins Tumble as Bitcoin Faces a Sell-Off Threat, with Solana Nearing Multi-Month Support at $120

The last few days have been nothing short of a nightmare, with most top altcoins tumbling to many weeks' low. In the same light, the latest Bitcoin news speculates a major

The article provides an overview of the recent performance of Bitcoin and other altcoins, highlighting key price movements and discussing potential factors influencing the market. It begins by mentioning that altcoins have experienced a significant decline, while Bitcoin faces the threat of a sell-off, as indicated by rumors of the US government selling off confiscated BTC.

The article goes on to describe how Solana's price could hit multi-month support at $120, and how this would represent a drop of over 54% from its all-time high. It also discusses the speculation that Bitcoin's price may be overpriced, which could trigger a sell-off, and how BTC's price has struggled to maintain momentum after crossing the ATH in December 2024.

The article concludes by mentioning the bearish trend that could push SOL to $100, and how this is evident in the daily, weekly, and monthly charts. It also highlights the strong community that Solana has built, which could lead to a potential recovery. Finally, the article briefly introduces the Remittix (RTX) project and its role in facilitating fiat currency transfers using crypto.