Ethereum

Winter

Bitcoin

<ul class="news-points">
 <li>Crypto market experiences sharp decline, Bitcoin falls below $55,000.</li>
 <li>The German government’s Bitcoin sale adds to market pressure.</li>
 <li>Mt. Gox creditor payments raise concerns of further BTC sell-offs.</li>
</ul>
The crypto market experienced a sharp decline in the past few hours. The leading digital asset, Bitcoin (BTC), fell below the $55,000 price level while Ethereum (ETH) dropped below $3,000, <a href="https://coinmarketcap.com/" target="_blank" rel="noopener noreferrer nofollow">as per CoinMarketCap</a>. The unexpected market meltdown has led investors to wonder if the bull market is over.
Crypto analyst Ali Martinez asked in a post on platform X (formerly Twitter) if this is the beginning of the end.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 In this cycle, we've witnessed the approval of <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> ETFs, <a href="https://twitter.com/hashtag/memecoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#memecoin</a> mania, and celebrities launching their own <a href="https://twitter.com/hashtag/altcoins?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#altcoins</a>! But what if that was it? What if we've already hit euphoria and are now feeling complacent, thinking, "we just need to cool off for the next rally"? <a href="https://t.co/aTCuppjTPF" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/aTCuppjTPF</a>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1808958962848706912?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 4, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
He noted that in the current cycle, investors have seen the approval of spot Bitcoin exchange-traded funds (ETFs) in January, meme coin rallies, and celebrities launching their own altcoins. He said:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 But what if that was…
</blockquote>
The post <a href="https://coinedition.com/crypto-winter-looms-bitcoin-ethereum-lead-market-decline/" rel="noopener noreferrer nofollow">Crypto Winter Looms: Bitcoin, Ethereum Lead Market Decline</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Crypto Winter Looms: Bitcoin, Ethereum Lead Market Decline

Coin Edition

Other articles published on Jul 5, 2024

UK crypto advocates call for consistent policy after Labour landslide

Is Stake Legal in Arizona 2024? How to Use Stake.us in Arizona [latest update]

Could This High-Utility Meme Coin Presale Be the Next Shiba Inu? Best 10X Crypto to Buy Now

Beyond Floki Inu Ecosystem Growth & Dogecoin Price Forecasts; BlockDAG Aims for $10 by 2025 with ...

Solana Price Prediction: SOL Plummets 9% Amid The Crypto Crash, But This AI Meme Coin Blasts Past...

Bitcoin, Ethereum, Dogecoin Struggle As Mt Gox Repayments Begin: Crypto Analyst Says BTC 'Could D...

Join our free newsletter for daily crypto updates!