The start of the week brought a downturn in the cryptocurrency market. The decline in prices of Bitcoin, Ethereum, Solana, and XRP raises concerns among traders.
Market Overview and Key Figures
In the last 24 hours, Bitcoin lost 1% in value, dropping to $95,270. Having previously peaked at $96,595, Bitcoin’s price continues to fluctuate due to prevailing uncertainty. Ethereum also saw a 2% decline, falling to $2,710, while XRP dropped by 2.5%. Solana experienced a 5.5% decrease, settling at $160.78. The total value of the cryptocurrency market fell to $3.15 trillion. Over the past 24 hours, trading volume reached $191 million, and traders are constantly updating their strategies based on the current market situation.
Current Status of Altcoins and Trader Expectations
Meme coins followed the general market trend, experiencing declines. Popular assets like Dogecoin, Shiba Inu, and Pepe Coin lost value. However, some altcoins such as Sonic, Cronos, and Monero recorded increases of up to 12%. On the other hand, coins like Raydium, Hyperliquid, and Story encountered significant losses. As uncertainty prevails in the market, traders are advised to exercise caution. Analysts emphasize the importance of closely monitoring price movements.
Short-term Market Fluctuations
Short-term fluctuations continue in the market. The ongoing pressure on Bitcoin and leading altcoins results in a cautious stance among traders. To minimize risks, they continue to analyze market trends.
The cryptocurrency market remains volatile, with traders needing to closely monitor changes to promptly adapt their strategies.
