The negative atmosphere among global currency market observers affected cryptocurrency prices. Bitcoin (BTC) 
$62,122 While its price decreased to 60 thousand dollars in the last 24 hours, Ethereum (ETH) 
$2,429Altcoins such as , Solana (SOL) and XRP also lost value. These declines were consistent with the major sales pressures experienced following the PlusToken scandal.
General Decline in Market Value
The global crypto market value decreased by 1.94 percent in the last 24 hours, falling to $2.13 trillion. Additionally, the total market volume decreased by 2.91 percent to 67.22 billion dollars. Weak flows in Bitcoin and Ethereum ETFs were among the key reasons for this decline.
Selling pressures linked to the PlusToken scandal led to an overall decline in cryptocurrencies. This situation caused a decrease in investor confidence and caused fluctuations in the market. After the scandal, an intense sales intensity was observed, especially in major cryptocurrencies.
Performance of Leading Cryptocurrencies
Bitcoin fell below $61,000, losing 2% in value. Ethereum, on the other hand, fell by more than 2% to $ 2,395. Solana and XRP also declined, with declines of 3% and approximately 1% respectively. These declines indicate that the market leadership of hegemonic cryptocurrencies is weakening.
While altcoins generally follow the market trend, some have performed exceptionally. Cryptocurrencies such as NEIRO, Uniswap and UNUS SED LEO gained value despite the falling market. These increases indicate that certain projects maintain investor interest.
Cryptocurrencies Showing Significant Decline
Some cryptocurrencies such as Aptos, THORChain and FTX Token have experienced significant declines in the last 24 hours. Aptos lost 8.5 percent, THORChain lost about 7 percent and FTX Token lost 6 percent. These declines are considered part of the overall negative trend of the market.
Fluctuations in the cryptocurrency market require constant attention from investors. Since there is wide variation in the market, some cryptocurrencies may resist the downtrend, while others may experience significant losses in value. It is important for investors to follow market movements closely and manage their risks accordingly.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
