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.
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 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>
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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:
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 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

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