## Cryptocurrencies retreat today: what explains this correction and which assets are worth considering during the dip?

Wednesday brought significant pressure to cryptocurrency prices, in a scenario marked by profit-taking, weakness in American stock markets, and internal political tensions in the US. Bitcoin, which reached all-time highs of $126,080 on Monday, retreated to $90,520 (updated to $90.52K according to actual data), while Ethereum also suffered sharp declines, falling to around $3,100. XRP, in turn, was traded close to $2.10.

Paradoxically, not all assets face the same selling pressure. Some altcoins manage to stay in positive territory, revealing interesting demand dynamics. Zcash (ZEC) stood out with gains of 8.32% in the last 24 hours, while meme coins like SPX6900 and Pudgy Penguins continue to show resilient behavior amid the broader selling storm.

## What are the reasons behind this correction?

The current retracement is due to multiple simultaneous factors. First, after a promising October, many investors decided to consolidate their gains. On-chain analysis data show that long-term wallets opted to reduce their positions, notably through the sale of significant amounts of Bitcoin. These decisions reflect a change in risk-reward perception: many institutional investors are beginning to see altcoins as more attractive alternatives at this stage of the cycle.

Second, the weakness observed in US stock markets spilled over into crypto markets. The sharp decline in technology stocks was compounded by rising yields on Japanese long-term bonds, raising concerns about global capital flows. A stronger yen and higher borrowing costs could pressure both stocks and cryptocurrencies simultaneously.

Finally, the political situation in the US adds uncertainty. The US Senate's inability to pass a budget keeps the government in a partial shutdown, creating volatility in risk markets.

## Does the moment suggest opportunities or caution?

Despite the headwinds, there are reasons for optimism. The most reputable analysts remain confident that the high phase of the fourth quarter still has much to offer. This is based on concrete evidence: while some large wallets are selling, many new wallets are simultaneously accumulating cryptocurrencies. US stock markets have already reversed some losses, with the S&P recovering.

Additionally, the monetary policy environment remains favorable. Federal Reserve rate cuts continue to push borrowing costs down, supporting risk assets like cryptocurrencies.

## Which assets have the greatest potential at this stage?

Zcash continues to trend upward and deserves investors' attention. Its 8.32% performance in 24 hours contrasts with most of the market, signaling robust underlying demand.

Solana meme coins, particularly SPX6900 and Pudgy Penguins, are trading in the green despite Bitcoin's sharp decline. This decoupling is an important sign that specific market segments retain their own bullish dynamics. Historically, this type of behavior marks the beginning of significant sectoral movements.

The meme coin season around the BNB network also remains dynamic, with several projects showing consistent demand.

## Conclusion

Today's dip does not invalidate the macro bullish scenario that remains intact for the rest of the year. Investors seeking exposure should consider this correction as a tactical positioning opportunity, paying particular attention to assets like Zcash and meme coins that challenge the overall trend. Bitcoin at $90.52K and Ethereum at $3,100 reflect prices that, historically and fundamentally, continue to be accessible for entry, especially considering the expected price scenarios for the coming months.