Bitcoin

Fantom

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-struggles-below-63000-as-altcoins-face-decline/" data-wpel-link="internal">Bitcoin Struggles Below $63,000 as Altcoins Face Decline</a><br></p>
<p style="text-align: justify">With approximately one hour left to the daily close, the <strong><a href="https://coin-turk.com/son-dakika-bitcoin-btc-49-bin-dolara-ulasti-bitcoin-neden-yukseliyor" data-wpel-link="internal">Bitcoin</a> price</strong> continues to close below $63,000, and altcoins are on the decline. Altcoins like <a href="https://en.coin-turk.com/solana-price-analysis-a-technical-perspective/" data-wpel-link="internal">SOL</a> and AVAX continue to fall to feared levels. The outlook for <a href="https://coin-turk.com/eski-bakkt-ceosu-iddialari-yalanladi" data-wpel-link="internal">BTC</a> is negative, and there is concern that this pressure will persist hours before the Fed meeting. The second-largest weekly outflow from GBTC was observed, with sales exceeding $400 million.</p> 
<h2 style="text-align: justify" id="ftm-coin">FTM Coin</h2> 
<p style="text-align: justify">As Grayscale outflows accelerate, the past day saw losses exceeding $400 million. This also indicates that panic selling continues through ETF channels, as entries into other ETFs have significantly weakened. Meanwhile, <a href="https://en.coin-turk.com/bitcoin-price-surges-as-sec-approves-ishares-spot-bitcoin-etf/" data-wpel-link="internal">BTC</a> is still targeting $59,000 with closures below $66,000.</p> 
<p style="text-align: justify">Of course, FTM Coin has also taken its share of the general market negativity. After a rapid increase in the price of <strong>Fantom</strong> (<strong>FTM</strong>) Coin, the $1 region was surpassed, resulting in investor profitability reaching 55%. This level had not been seen since August 2021. At that time, the price climbed from $0.31 to $2.97 in just three months, an increase of over 800%.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-330427 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/ftm-yatirimcilari.webp" alt="" width="1536" height="463"></p> 
<p style="text-align: justify">From March 7 to March 18, short-term investors increased by 116%. This change in the FTM supply distribution reflects the sales of medium and long-term investors.</p> 
<h2 style="text-align: justify" id="ftm-coin-could-decline">FTM Coin Could Decline</h2> 
<p style="text-align: justify">If the proportion of short-term investors increased before BTC fell, then the related altcoin is expected to suffer more losses compared to the general market. On the four-hour chart, the $0.98 key resistance area could be a bullish signal. Although this area was surpassed at the time of writing, high profitability and BTC’s situation could trigger rapid sales.</p> 
<p style="text-align: justify">The crossing of short-term EMAs over long-term EMAs indicates a shift towards a short-term uptrend. Recent price movements are pushing the short-term average upwards.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-330428 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/FTM-Grafik.png" alt="" width="1887" height="827"></p> 
<p style="text-align: justify">With one hour left to the daily close, the price is at the $1 threshold, but if <a href="https://en.coin-turk.com/expert-warns-pay-attention-to-these-critical-levels-for-bitcoin-ethereum-solana/" data-wpel-link="internal">Bitcoin</a>‘s targeted drop to $59,000 occurs, FTM Coin investors could see the price fall to $0.48 and $0.41. At this point, the key support is at $0.54.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-struggles-below-63000-as-altcoins-face-decline/" data-wpel-link="internal">Bitcoin Struggles Below $63,000 as Altcoins Face Decline</a></h5>

Bitcoin Struggles Below $63,000 as Altcoins Face Decline

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