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Reading: Decline in Crypto Market: Bitcoin Falls Below 100 Thousand Dollars, Chainlink Rises
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EdaFace Newsfeed > Latest News > Crypto News > Decline in Crypto Market: Bitcoin Falls Below 100 Thousand Dollars, Chainlink Rises
Crypto News

Decline in Crypto Market: Bitcoin Falls Below 100 Thousand Dollars, Chainlink Rises

vitalclick
Last updated: December 9, 2024 7:11 am
3 months ago
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Contents
Crypto Market OverviewBitcoin and Major AltcoinsEthereum and Other Major CryptosMixed Performance on Meme CoinsCryptos with the Most Gains and Losses

Today, cryptocurrency prices have generally shown a downward trend. Bitcoin (BTC) $99,040.9 and while major altcoins lost value, XRP was among the top 10 worst-performing cryptocurrencies. However, Chainlink $25.3 (LINK) became the top-earning cryptocurrency with a 6% increase in the last 24 hours.

Crypto Market Overview

Total market value decreased by approximately 2% to $3.65 trillion. Transaction volume increased by 2% and reached 155 billion dollars. These indicators reflect the volatile course of cryptocurrencies today.

Bitcoin and Major Altcoins

Bitcoin (BTC) price suddenly dropped by $2,000 from $101,000 to $99,000. Major altcoins also followed Bitcoin’s downward trend, losing between 2% and 5%. dogecoin $0.449148 Meme coins such as (DOGE) and Shiba Inu (SHIB) also lost 2% to 4%. This situation shows the cautious approach of investors.

Ethereum and Other Major Cryptos

Ethereum (ETH) $3,935.1 While trading at $ 3,951, XRP was among the biggest decliners at $ 2,489. Solana (SOL) ranked 5th, hovering at $232. These cryptocurrencies moved in line with the general trend of the market.

Mixed Performance on Meme Coins

While Meme coins generally followed the market trend and declined, PEPE recorded a 4% increase. Shiba Inu’s scaling solution, Shibarium, has made positive progress, surpassing 2 million wallets.

Cryptos with the Most Gains and Losses

Chainlink (LINK) has become the highest-earning cryptocurrency with an increase of 8% in the last 24 hours. On the other hand, Peanut the Squirrel (PNUT) was the top loser cryptocurrency with a 12% drop. EOS and Jupiter also lost significant value.

The downward trend in the crypto market is expected to continue in the short term. Investors continue to remain cautious due to the volatile nature of the market. In particular, Bitcoin’s strategic reserve plans and the movements of major investors continue to shape market dynamics.

In the last list, fluctuations in the value of many cryptocurrencies, especially Bitcoin, show that there is general uncertainty in the market. For investors, this period increases the importance of following market movements closely. Experts state that long-term strategies may be healthier due to the volatile nature of the market.

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.

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