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Market shrinks as most coins witness a dip
The post Market shrinks as most coins witness a dip appeared on BitcoinEthereumNews.com. The crypto industry’s constant volatility dilemma has resurfaced as the market has started with a slump. Most cryptocurrencies lost value on Wednesday, even top guns like Ethereum and Bitcoin. The coins have lost 4.64% and 3.27% value in the past 24 hours, respectively. However, it is SOL and XRP, the standouts of the previous day, that lost a major chunk of their value. ADA and DOGE joined the coins, also losing 5% or more value on Wednesday. On that note, let’s take a general overview of the crypto market along with the daily updates. Bitcoin The market leader finally gave in to the selling pressure, losing 3.27% value in the past 24 hours. The coin almost hit the 70k-dollar mark a few days ago but is now trading at 64,351 dollars. The BTC indicators are currently at their tightest point in the past 12 months. On the other hand, traders and analysts are expecting the crypto to make a big move in September. Ethereum Like always, Ethereum has matched Bitcoin’s beat, losing more than 4% value in the past 24 hours. The coin was cruising around the 3,500-dollar mark, but it is now trading at 3,175 dollars. Similar to BTC, Ethereum’s 1-week movement shows an uptick of 0.37%. Despite Ethereum ETFs getting an estimated AUM of 10 billion dollars in its first year, ETH is constantly struggling to maintain its market value. Experts are also expecting ETH to gain stability and reap benefits from the ETF inflows in a couple of months. Solana Market forces pushed Solana back to the 169 dollar mark after it crossed the 193 dollar mark. It has lost 7.61% value in the past 24 hours, surprising the entire market. The SOL network has not undertaken any major steps in the past few weeks. However, the…
The post Market shrinks as most coins witness a dip appeared on BitcoinEthereumNews.com.
The crypto industry’s constant volatility dilemma has resurfaced as the market has started with a slump. Most cryptocurrencies lost value on Wednesday, even top guns like Ethereum and Bitcoin. The coins have lost 4.64% and 3.27% value in the past 24 hours, respectively. However, it is SOL and XRP, the standouts of the previous day, that lost a major chunk of their value. ADA and DOGE joined the coins, also losing 5% or more value on Wednesday. On that note, let’s take a general overview of the crypto market along with the daily updates. Bitcoin The market leader finally gave in to the selling pressure, losing 3.27% value in the past 24 hours. The coin almost hit the 70k-dollar mark a few days ago but is now trading at 64,351 dollars. The BTC indicators are currently at their tightest point in the past 12 months. On the other hand, traders and analysts are expecting the crypto to make a big move in September. Ethereum Like always, Ethereum has matched Bitcoin’s beat, losing more than 4% value in the past 24 hours. The coin was cruising around the 3,500-dollar mark, but it is now trading at 3,175 dollars. Similar to BTC, Ethereum’s 1-week movement shows an uptick of 0.37%. Despite Ethereum ETFs getting an estimated AUM of 10 billion dollars in its first year, ETH is constantly struggling to maintain its market value. Experts are also expecting ETH to gain stability and reap benefits from the ETF inflows in a couple of months. Solana Market forces pushed Solana back to the 169 dollar mark after it crossed the 193 dollar mark. It has lost 7.61% value in the past 24 hours, surprising the entire market. The SOL network has not undertaken any major steps in the past few weeks. However, the…
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