Shiba

Future

Bitcoin

Show

dogwifhat

<p>The cryptocurrency market has taken a significant hit, with major digital assets experiencing notable price dips. According to data from CoinMarketCap, the total crypto market capitalization has decreased by 7.39% over the last 24 hours, currently standing at $2.44 trillion.</p>
<p>At the time of writing, Bitcoin, the world’s largest cryptocurrency by market cap, has seen its price plummet to <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">$67,410.28</a>, marking a 5.06% decline in the last 24 hours. Ethereum, the second-largest crypto, has fared even worse, with its price dropping by 8.25% to <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="noopener noreferrer nofollow">$3,249.66</a>.</p>
<p>The downturn has also extended to other prominent cryptocurrencies. Solana, a popular altcoin, has experienced a 12.89% drop, with its current price hovering around <a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="noopener noreferrer nofollow">$153.15</a>.</p>
<h2 class="wp-block-heading" id="strong-meme-coins-take-a-beating-strong"><strong>Meme Coins Take a Beating</strong></h2>
<p>The <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">meme</a> coin craze has not been spared from the market’s bearish sentiment. Dogecoin, the original meme cryptocurrency, has seen its price tumble by 12.98%, currently trading at <a href="https://coinmarketcap.com/currencies/dogecoin/" target="_blank" rel="noopener noreferrer nofollow">$0.172603</a>. Shiba Inu, another meme coin, has also suffered a significant 11.50% drop, with its current price standing at <a href="https://coinmarketcap.com/currencies/shiba-inu/" target="_blank" rel="noopener noreferrer nofollow">$0.000025</a>. Notably, dogwifhat token has taken a substantial hit, plunging by 24.81% to <a href="https://coinmarketcap.com/currencies/dogwifhat/" target="_blank" rel="noopener noreferrer nofollow">$2.64</a>.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>NuggetRush</strong></a> today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="strong-factors-contributing-to-the-market-downturn-strong"><strong>Factors Contributing to the Market Downturn</strong></h2>
<p>According to an <a href="https://www.youtube.com/watch?v=86gkXZit6eM&amp;feature=youtu.be" target="_blank" rel="noopener noreferrer nofollow">analysis</a> by the popular YouTuber My Financial Friend, with over 250,000 subscribers, several factors have contributed to the market’s decline.</p>
<p>Geopolitical Tensions: The imminent threat of an attack from Iran and the potential intervention by the United States has caused panic in traditional markets, which has spilled over into the crypto sphere.</p>
<p>Traditional Market Impact: The downturn in traditional markets, such as the NASDAQ, has also had a ripple effect on the cryptocurrency market.</p>
<p>Crypto Liquidations: Significant liquidations in the crypto market have exacerbated the downturn, with Bitcoin dominance reaching new highs, indicating a shift from altcoins to Bitcoin.</p>
<h2 class="wp-block-heading" id="strong-investment-strategies-and-future-outlook-strong"><strong>Investment Strategies and Future Outlook</strong></h2>
<p>Despite the market’s volatility, My Financial Friend shared personal investment strategies, emphasizing the importance of Bitcoin in their portfolio and considering reallocating some investments into altcoins like Solana.</p>
<p>The analyst speculated that the current dip might present an opportune time for investors to add to their positions, especially given Bitcoin’s long-term uptrend. Additionally, the potential impact of ETFs and potential buying patterns on Bitcoin’s price was mentioned.</p>
<p>Watcher.Guru, a crypto analyst, <a href="https://x.com/WatcherGuru/status/1778860473825345626" target="_blank" rel="noopener noreferrer nofollow">tweeted</a> that “$855 million [has been] liquidated from the crypto market in the past 24 hours,” further highlighting the market’s turbulence.</p> <iframe loading="lazy" width="560" height="315" src="https://www.youtube.com/embed/86gkXZit6eM?si=SPamdqgrgxqk_cwm" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/heres-why-the-crypto-market-is-down-today-bitcoin-btc-and-altcoins-suffer-major-dips/" rel="noopener noreferrer nofollow">Here’s Why the Crypto Market is Down Today – Bitcoin (BTC) and Altcoins Suffer Major Dips</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Here’s Why the Crypto Market is Down Today – Bitcoin (BTC) and Altcoins Suffer Major Dips

Table of Contents

CaptainAltcoin

Other articles published on Apr 13, 2024

Winklevoss Twins Announced Co-Ownership Of Bitcoin Soccer Club

EigenLayer Crypto’s Biggest Project This Year Removes LST Caps, Unpause Restaking Deposits

Gateway to Innovation: L7’s Entry into Japan at the TEAMZ Web3/AI Summit

Coinbase Challenges SECs Authority On Crypto Transactions, Files for Interlocutory Appeal

Coinbase Fires Back At SEC, Files Apeal For The Case

Potential Vulnerability in Telegram Raises Concerns

Join our free newsletter for daily crypto updates!