Bitcoin fell 3% in the past 24 hours, falling below $62,000, and the market as a whole tended to be weak. Although some altcoins continue to fall in the short term, market analysts generally expect a rebound in the next quarter and next year. In addition, the current low volatility phase of Bitcoin is considered a sign of a possible breakthrough to new highs in the future.

Key Points

- Bitcoin fell below $62,000 during the US trading session, with a total decline of 3% in the past 24 hours.

- Major altcoins such as Avalanche (AVAX), Chainlink (LINK) and decentralized exchange Uniswap (UNI) faced losses of 4%-7%.

- Despite the recent price weakness, analysts predict that there may be rebound opportunities in the fourth quarter and next year.

- The current low volatility phase of Bitcoin is seen as a precursor to an imminent breakthrough to new highs.

- Historical data shows that altcoin prices usually rise within six months after Bitcoin's four-year halving.