Bitcoin

<ul><li>CryptoRank reports a significant slump in the cryptocurrency market, with Bitcoin trading below $26,000.</li><li>Market capitalization has dipped to $1.14 trillion, marking a 0.53% decrease from previous levels.</li><li>Bitcoin&#39;s market dominance has slightly risen to 44%, suggesting its continued influence despite low prices.</li></ul>According to CryptoRank, a crypto market data aggregation and analytics platform, the cryptocurrency market has been experiencing a significant slump, with Bitcoin trading below the $26,000 mark. This decline is not isolated to Bitcoin<a href="https://cryptotale.org/expert-kara-szabo-foresees-bitcoins-price-surge-and-potential-dip/" rel="noopener noreferrer nofollow"> (BTC)</a> alone; the top 10 cryptocurrencies also face a downturn. Notable mentions include Ripple (XRP), which has seen a 3.4% decrease, Solana (SOL), with a 2.31% drop, and Cardano (ADA), which has declined by 1.61%:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/1b5069badc194bfa8f98edbf38836008.png" />The overall market capitalization has also taken a hit, currently at $1.14 trillion, a 0.53% decrease from previous levels. This decline has led to a sense of caution among investors and traders, as reflected by the Fear &amp; Greed Index, which currently stands at 40, indicating a sentiment of fear in the market.While some attribute this decline to market volatility, others believe external factors could influence this downturn. Bitcoin&#39;s dominance in the market has slightly increased to 44%, a 0.29% uptick. This could imply that Bitcoin still significantly influences the market despite its low trading price. However, more than the increase in Bitcoin&#39;s market dominance is needed to offset the overall decline in the market capitalization.As per CoinMarketCap, SOL is currently experiencing a bearish trend, with its <a href="https://coinmarketcap.com/currencies/solana/" rel="noopener noreferrer nofollow">price</a> dropping by 3.04% to trade at $17.84. Similarly, <a href="https://coinmarketcap.com/currencies/cardano/" rel="noopener noreferrer nofollow">ADA</a> has seen a decline of 2.08%, now trading at $0.245. XRP also hasn&#39;t been spared, <a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">witnessing</a> a 3.96% decrease in the last 24 hours.Read full article at <a href="https://cryptotale.org/bitcoin-dips-below-26k-as-crypto-market-faces-downturn/" rel="noopener noreferrer nofollow">CryptoTale .</a>

Bitcoin Dips Below $26K as Crypto Market Faces Downturn

CryptoTale

Other articles published on Sep 11, 2023

Shiba Inu's Shibarium Records Groundbreaking Transaction Milestone

Google's $20M Digital Futures Project Promotes Responsible AI

Friend.tech reemerges with TVL reaching record $20m

Cardano Heads into Depression, As New ADA Price Prediction From Top Analyst Shows

Conflux Price Prediction: Will CFX Crypto Skip Consolidation?

Airdrop hunter made over 21k Sybil wallets to fake on-chain activity

Join our free newsletter for daily crypto updates!