<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/recent-trends-and-recoveries-in-the-cryptocurrency-market/" data-wpel-link="internal">Recent Trends and Recoveries in the Cryptocurrency Market</a><br></p>
<p style="text-align: justify">The <a href="https://en.coin-turk.com/turkey-considers-new-taxes-on-cryptocurrency-gains/" data-wpel-link="internal">cryptocurrency market</a> experienced a decline in overall volume over the past seven days. However, after today’s price recovery, a slight increase was observed. Bitcoin (BTC), altcoins, and memecoins saw a 5.2% decrease in volume due to waning interest. Despite multiple assets experiencing net inflows, Bitcoin’s price fell below $61,000 due to low sentiment. Despite the price declines in the cryptocurrency market, many market leaders appear eager about a future market rise due to increasing market and macroeconomic conditions.</p> 
<h2 style="text-align: justify" id="current-status-of-bitcoin-and-altcoins">Current Status of Bitcoin and Altcoins</h2> 
<p style="text-align: justify">The broader crypto market was shaken by the emergence of low levels following double-digit losses in some crypto assets. Bitcoin, the market leader, erased most of its losses after a 2% gain today but still maintains a 0.9% loss. The recent price movements have kept BTC’s outlook above 1.3% in the green zone.</p> 
<p style="text-align: justify">Ethereum and Solana saw weekly rises of 4.30% and 4.50%, respectively. The crypto market experienced a recovery today, Monday, with both assets gaining within the day.</p> 
<p style="text-align: justify">On the Ethereum side, short-term losses were notable due to decreasing institutional <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investments</a>. Despite expectations for spot Ethereum ETFs, a stagnation in sentiment was observed in recent weeks.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-351042" src="https://coin-turk.com/wp-content/uploads/2024/05/btc-etf-coin-turk-com.png" alt="" width="870" height="577"></p> 
<p style="text-align: justify">Meanwhile, Ripple (XRP) experienced a 6.85% loss over the past seven days due to its ongoing lawsuit with the Securities and Exchange Commission (SEC). Avalanche (AVAX) and Chainlink (LINK) recorded larger weekly losses of 12.92% and 8.27%, respectively. Memecoins also recorded declines as <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investors</a> moved their funds away from risky assets. Dogecoin (DOGE) and Shiba Inu (SHIB) showed losses of 5% and 3%, respectively.</p> 
<p style="text-align: justify">Amid falling figures, Toncoin (TON) and TRON (TRX) traded against the market with gains over the last seven days.</p> 
<h2 style="text-align: justify" id="factors-behind-the-crypto-market">Factors Behind the Crypto Market</h2> 
<p style="text-align: justify">The short-term decline in the value of the crypto market was due to a decrease in institutional investments as a result of falling sentiment. The SEC’s approach to crypto regulation has caused investors to approach the market with skepticism.</p> 
<p style="text-align: justify">Despite this downturn, crypto bulls point to an expected increase in macroeconomic factors. The <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">stock market</a> also saw slight rises with applications expecting similar inflows to stocks.</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/recent-trends-and-recoveries-in-the-cryptocurrency-market/" data-wpel-link="internal">Recent Trends and Recoveries in the Cryptocurrency Market</a></h5>

Recent Trends and Recoveries in the Cryptocurrency Market

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