Cryptocurrency Market Declines: Solana Drops 35%, Bitcoin Faces Bear Market Threat and Hits New Low, with Ethereum's Price Plummeting
MY MARKET INTERESTS
6h ago
Ethereum Price Hits $2,075, Worst February Performance on Record
- Ethereum's price dropped to a low of $2,075, marking its worst February performance on record and breaking a six-year trend.1
- Ethereum has lost market share to competitors like Solana and BNB Smart Chain, contributing to its price decline.1
- The formation of a death cross indicates a bearish trend for Ethereum, as the 200-day moving average crossed below the 50-day moving average.1
- Ethereum's price has lost key support at $2,150, which previously marked the lowest swing in August and September 2023.1
- Ethereum's price has plummeted to $2,075, marking its worst February performance ever.
- Additionally, Ethereum is losing market share to competitors like Solana and BNB Smart Chain.
Crypto
8h ago
Bitcoin Enters Bear Market, Analysts Predict Further Declines
- Bitcoin has entered a technical bear market this week, down more than 20% from its January peak.1
- Katie Stockton, a top analyst, stated that Bitcoin has confirmed a short-term breakdown within its long-term uptrend.1
- George Pavel, general manager of NAGA, believes Bitcoin could drop as low as $70,000 after breaching the key $90,000 resistance level.1
- The total market cap of Bitcoin fell about 7% to $1.58 trillion on Friday, according to CoinMarketCap.1
- Analysts attribute the sell-off to a broader risk-off move in markets and other factors damaging crypto investors' confidence.1
- Bitcoin has officially entered a technical bear market, with analysts predicting further declines.
- The total market cap has dropped to $1.58 trillion amid a broader risk-off sentiment.
8h ago
Bitcoin Falls 9% to $78,000; Market Declines 20% in a Week
- Bitcoin has fallen almost 9 percent in the last 24 hours, bringing its price down to around $78,000.1
- Bitcoin is now down more than $20,000 since its peak of $109,241 on January 20.1
- The cryptocurrency market has experienced a 20 percent decline in the last seven days.1
- Ethereum, the second biggest cryptocurrency, is down almost 25 percent in the last week due to a hack on Bybit.1
- Market uncertainty is causing traders to feel paralyzed about their investment decisions.1
- Bitcoin has dropped almost 9% in the last 24 hours, now trading at around $78,000.
- The cryptocurrency market has seen a 20% decline over the past week.
Co
9h ago
Bitcoin Hits New Low Amid Panic Selling; Ripple Resumes Minting Stablecoins
- Bitcoin's price dropped 7.6% in the past day, trading at $79,390, marking a new yearly low amid ongoing bearish sentiment.1
- Standard Chartered predicts Bitcoin could drop further, potentially reaching the $69,000 to $76,500 range, which could present a buying opportunity.1
- The crypto market saw massive panic-selling, leading to $950.27 million in liquidations as Bitcoin dropped to $78K.1
- Ripple has resumed minting Ripple USD (RLUSD) stablecoins after a two-week pause, issuing a total of 9.1 million RLUSD.1
- The Ethereum price has faced a significant downturn, dropping below $2,500 following a massive $1.5 billion hack on Bybit.1
- Bitcoin has hit a new yearly low of $79,390, with predictions of further declines and massive panic-selling in the market.
- Ripple has resumed minting stablecoins after a brief pause.
Coinpedia
9h ago
Background
- The cryptocurrency market is currently experiencing a significant decline, with Solana (SOL) dropping 35% since Valentine's Day and Bitcoin (BTC) also struggling.1
- Historically, Bitcoin's bull markets have a pattern where after breaking the previous high, it typically peaks in about 10 to 12 months before a decline.1
- The current market sentiment indicates a shift from greed to fear, with retail investors exiting while whales continue to accumulate Bitcoin.1
- If January 2025 was indeed the peak for Bitcoin, the bear market might already be lurking at the door, with potential drops to $50,000-$70,000.1
- Despite the current downturn, there are signs that the bull market might not be completely over, as whales are still accumulating and institutions remain invested.1
- The cryptocurrency market is facing a significant decline, with Solana (SOL) dropping 35% since Valentine's Day and Bitcoin (BTC) struggling.
- Market sentiment has shifted from greed to fear, as retail investors exit while whales continue to accumulate Bitcoin.
- If January 2025 was the peak for Bitcoin, the bear market might already be lurking, with potential drops to $50,000-$70,000.
Binance