Monday, May 12, 2025
ModernCryptoNews.com
  • Crypto
  • NFTs & Metaverse
  • DeFi
ModernCryptoNews.com
No Result
View All Result

Bitcoin & Altcoins Suffer Price Drops as Market Confidence Wanes

April 28, 2024
Reading Time: 4 mins read
0
Bitcoin & Altcoins Suffer Price Drops as Market Confidence Wanes


RELATED POSTS

Top Crypto News This Week: FOMC Minutes, EigenLayer Upgrade, Arbitrum Staking, and More – BeInCrypto

Bitcoin Price Tests Support: Will It Bounce Back Stronger?

Meme Coin Market Looking Grim: 4 of Top 6 Losers For the Week Are Memes – CryptoPotato

  • The cryptocurrency market has confronted a setback after a short try to get well.
  • Altcoins have mirrored Bitcoin’s worth drop, with some distinguished tokens having witnessed massive losses.
  • What has brought on the broader market decline, and can these constructive outliers maintain onto their features?

The cryptocurrency market confronted a setback this weekend after a short-lived try at worth restoration. Bitcoin, the world’s main digital forex, noticed its restoration efforts stall after dipping to $62,400 earlier on Sunday earlier than rebounding barely to its present worth of round $63,500.

Cryptocurrency Market Stumbles

This stall in Bitcoin’s worth displays a broader development throughout the cryptocurrency market. Altcoins, or various cryptocurrencies, mirrored Bitcoin’s downturn, with most experiencing vital losses. The full market capitalization for all cryptocurrencies dropped a staggering $150 billion over the previous two days, signifying a collective decline in investor confidence.

Learn Extra

The ache prolonged to the altcoin house, with many distinguished tokens experiencing substantial worth drops. Toncoin, a relative newcomer, witnessed probably the most extreme decline, plummeting over 12% over the week. 

Common tokens like Shiba Inu (SHIB), Dogecoin (DOGE), Avalanche (AVAX), Cardano (ADA), and Solana (SOL) weren’t spared both, struggling losses starting from 6.6% to 9%. Established gamers like Bitcoin and XRP surprisingly took hits, dropping 3% and a pair of.3%, respectively.

Nevertheless, there have been just a few vibrant spots amidst the overall market decline. Ethereum (ETH) managed to defy the downtrend, posting a acquire of three.7%. This constructive efficiency comes regardless of ongoing rumors surrounding potential delays and even denials for upcoming Ethereum-based ETFs. Binance Coin (BNB) additionally bucked the development, experiencing a 4% improve in worth this week.

Winners

Solely 2 of the highest 10 cryptocurrencies skilled worth will increase over the previous week. Right here’s a take a look at them:

DailyCoin's Snapshot of the Crypto Markets' Weekly Winners: Source DailyCoin
DailyCoin’s Snapshot of the Crypto Markets’ Weekly Winners: Supply DailyCoin

Losers

Over the previous week, all however 2 of the highest 10 cryptocurrencies skilled worth losses. Right here’s a take a look at them, ranked by their proportion lower:

DailyCoin's Snapshot of the Crypto Markets' Weekly Losers: Source DailyCoin
DailyCoin’s Snapshot of the Crypto Markets’ Weekly Losers: Supply DailyCoin

That is only a snapshot of the present market circumstances on the time of writing. Cryptocurrency costs are always fluctuating, so it’s vital to do your personal analysis earlier than making any funding selections.

On the Flipside

  • The current downturn could possibly be a short-term correction after sustained development within the cryptocurrency market.
  • The current geopolitical tensions may contribute to the market decline as traders search safer property.

Why This Issues

This weekend’s worth stall throughout the cryptocurrency market, together with Bitcoin’s failed restoration and losses for main altcoins, signifies a possible shift in investor sentiment. The collective decline in market cap suggests a return of warning. ETH and BNB’s features towards the development spotlight the continued potential for choose tokens even throughout broader market downturns.

Seeking to keep up-to-date on the most recent within the Solana blockchain? This text explores who Solana influencers are and why it is best to think about following them:
Top Solana Influencers to Follow in 2024: Who Made the Cut?

Is Dogecoin headed for a worth dump? This text discusses current actions of huge quantities of DOGE to Coinbase and explores whether or not this would possibly sign a coming worth drop:
Dogecoin Whales Inject Coinbase With 457M DOGE: Dump Coming?



Source link

ADVERTISEMENT
Tags: ALTCOINSBitcoinConfidenceDropsMarketPricesufferWanes
ShareTweetPin
wpadministrator

wpadministrator

Related Posts

Dogecoin traders should be on the lookout for THIS support level – AMBCrypto News
Market & Analysis

Top Crypto News This Week: FOMC Minutes, EigenLayer Upgrade, Arbitrum Staking, and More – BeInCrypto

August 19, 2024
Bitcoin Price Tests Support: Will It Bounce Back Stronger?
Market & Analysis

Bitcoin Price Tests Support: Will It Bounce Back Stronger?

August 18, 2024
Dogecoin traders should be on the lookout for THIS support level – AMBCrypto News
Market & Analysis

Meme Coin Market Looking Grim: 4 of Top 6 Losers For the Week Are Memes – CryptoPotato

August 18, 2024
Ethereum Price Struggles to Sustain Gains: Is the Uptrend in Trouble?
Market & Analysis

Ethereum Price Struggles to Sustain Gains: Is the Uptrend in Trouble?

August 18, 2024
Dogecoin traders should be on the lookout for THIS support level – AMBCrypto News
Market & Analysis

Crypto Market Awaits FOMC Minutes & Fed Chair Powell’s Speech – CoinGape

August 18, 2024
PEPE Selling Pressure Surges As Price Slips Under $0.00000766 Support
Market & Analysis

PEPE Selling Pressure Surges As Price Slips Under $0.00000766 Support

August 17, 2024
Next Post
Why Ethereum’s run to $3.3K may be false breakout for ETH’s price

Why Ethereum's run to $3.3K may be false breakout for ETH's price

Homer on Solana (HOMSOL) to Surge 7,000% Before MEXC Listing, As Shiba Inu and Dogecoin Struggle

Homer on Solana (HOMSOL) to Surge 7,000% Before MEXC Listing, As Shiba Inu and Dogecoin Struggle

Recommended

Jon Trask, CEO of Dimitra, on Blockchain Tech for Farming and Agriculture

February 16, 2024

Digital Asset Traders Withdraw $208,000,000 Worth of Crypto From KuCoin Following Government Charges: Nansen

March 28, 2024
Is Bitcoin ready for a run to $77K? AI says yes!

Is Bitcoin ready for a run to $77K? AI says yes!

April 27, 2024

Popular Stories

  • What are rebase tokens, and how do they work?

    0 shares
    Share 0 Tweet 0
  • Crypto Whales Gobble Up Over $76,000,000 Worth of Ethereum-Based Altcoin in One Week, Says Analyst

    0 shares
    Share 0 Tweet 0
  • Coinbase CEO Brian Armstrong Says ‘Just Bitcoin’ the Best Option for US Crypto Strategic Reserve

    0 shares
    Share 0 Tweet 0
  • Crypto Trading Platform BitMEX Pleads Guilty To Bank Secrecy Act Violations

    0 shares
    Share 0 Tweet 0
  • Bitcoin, Ethereum, Dogecoin Edge Higher As Market Cheers Solana Spot ETF Filing: Analyst Forecasts King Crypto’s Bounce To $66K If This Condition Holds – Emeren Group (NYSE:SOL)

    0 shares
    Share 0 Tweet 0
No Result
View All Result

Recent News

XRP Network Activity Jumps 67% In 24 Hours – Big Move Ahead?

XRP Network Activity Jumps 67% In 24 Hours – Big Move Ahead?

April 23, 2025
Crypto Industry Contributed $18 Million To Trump’s Inauguration, Ripple Among The Top Donors

Crypto Industry Contributed $18 Million To Trump’s Inauguration, Ripple Among The Top Donors

April 23, 2025

Categories

  • Altcoins
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFI
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • Xrp

Follow us

Recommended

  • XRP Network Activity Jumps 67% In 24 Hours – Big Move Ahead?
  • Crypto Industry Contributed $18 Million To Trump’s Inauguration, Ripple Among The Top Donors
  • XRP Tops Weekly Crypto Inflows Despite Market Volatility – The Crypto Times
  • XRP Price Could Soar to $2.4 as Investors Eye Two Crucial Dates
  • XRP Eyes $2.35 Breakout, But $1.80 Breakdown Threatens Bearish Shift – TronWeekly

© 2023 Modern Crypto News | All Rights Reserved

No Result
View All Result
  • Crypto
  • NFTs & Metaverse
  • DeFi

© 2023 Modern Crypto News | All Rights Reserved