Plunge

Solana

Bitcoin

FLOKI

<ul> 
 <li><strong>Crypto market plunges amid Bitcoin facing 7% decline, volatility spikes.</strong></li> 
 <li><strong>Investors split between panic and opportunity as trading volume surges.</strong></li> 
</ul> 
<p>In a rollercoaster turn of events, the cryptocurrency market witnessed a significant downturn today, sending shockwaves through the community of enthusiasts and investors alike. As the dust settles, traders are split between panic and opportunity, with some seeing the market crash as a chance to “buy the dip.”</p> 
<p>The overall market sentiment has taken a hit, with a staggering 6.4% decline across major cryptocurrencies. Trading volume, however, has surged by 13%, reflecting the increased activity in response to the market turbulence.</p> 
<h3 class="wp-block-heading" id="h-bitcoin-s-fall">Bitcoin’s Fall</h3> 
<p>Bitcoin, the bellwether of the crypto world, plummeted to a 13-day low, hitting $64,650 with a 6% decrease in <a href="https://thenewscrypto.com/standard-chartered-boosts-bitcoin-price-target-to-150k-in-2024/" target="_blank" rel="noreferrer noopener">price</a>. Presently, it is trading at $64,739, with trading volume up by 24%. This downturn marks a significant reversal from recent highs, leaving investors grappling with uncertainty.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh7-us.googleusercontent.com/qyls8XXQPikEmaHSxNy-9WWd_sxajIcJiTEF2FSDwN-r5fOfBFKzk5-754uOOJgMnckPD9D8Pzbz02tkHv-dMUx6n7F9IPb4G2e65w_vB22jniH_jRwRnK6KxWWuo6gCY0LwKsTeChHSLd8Jt0NRGKU" alt="">
  <figcaption class="wp-element-caption">
   BTC Price Chart, Source: TradingView
  </figcaption>
 </figure>
</div> 
<h3 class="wp-block-heading" id="h-altcoins-follow-suit">Altcoins Follow Suit</h3> 
<p>The decline wasn’t limited to Bitcoin, as Ethereum, the second-largest cryptocurrency, experienced a sharp 7.56% drop, reaching a two-week low of $3,356. Similarly, altcoins such as Polygon, Cardano (ADA), Avalanche (AVAX), and BNB faced significant losses, with declines ranging from 6% to 11%.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized">
  <img decoding="async" src="https://lh7-us.googleusercontent.com/0VwXGKcbTXpHLgpioG4sl35REXj40QlrY2OCilyX7Nwgh8Ei3LCbmiD7a2L1J66yjufrg3mi7XKch0jaWbFj7xhP-GPZ6USprBp22le-xSZHnteUMvnhwnQCNp3iOkc2SGQobQDB4M8R_e9l2RhQjrc" alt="" style="width: 100%;height:auto">
  <figcaption class="wp-element-caption">
   Altcoins Price Chart, Source: Santiment
  </figcaption>
 </figure>
</div> 
<h3 class="wp-block-heading" id="h-solana-s-surprise-slide">Solana’s Surprise Slide</h3> 
<p>One notable mention is Solana, which has recently gained traction among investors. Despite its promising performance and a climb above $210, Solana stumbled today, falling by 9% to trade at $184, adding to the market’s overall unease.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh7-us.googleusercontent.com/A6wb3imV2D5XVtOSMugE2YZYN8CQ879ypK6ekm3kxPAp1ethn3lQjVxe03QyiY8uBQdtLpX04W720ktRPj61m_Yj_J1V6ClpWZQ5qmkoC3MfWmMj7fTlrHWdD0udZ4R6a1ob6m6QUyHV4zOpHvDFwmY" alt="">
  <figcaption class="wp-element-caption">
   Solana Price Chart, Source: TradingView
  </figcaption>
 </figure>
</div> 
<h3 class="wp-block-heading" id="h-memecoins-take-a-hit">Memecoins Take a Hit</h3> 
<p>The volatility extended to memecoins, which had seen exponential growth in the&nbsp;past month. However, today’s downturn saw double-digit declines across the board, with notable drops in WIF (-24%), BONK (-22%), PEPE (-22%), FLOKI (-20%), and DOGE (-13%).</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh7-us.googleusercontent.com/SIqe8yBkzEpFswnodfZzD7SgM-576vVddCuuC3v3PGd7bzJy9R1o-xQDOmdPNQXWCTUyFnD6tL-PXtpYG2tOzmfdA8xjQbnZyOVQsEHgGtYo0gaoyy2iiMKoq5fDkFm0fW_AkmQn-gh95S7dtQ7J6n8" alt="">
  <figcaption class="wp-element-caption">
   Memecoins Price Chart, Source: Santiment
  </figcaption>
 </figure>
</div> 
<h3 class="wp-block-heading" id="h-fantom-s-minor-surge-amidst-the-chaos">Fantom’s Minor Surge Amidst the Chaos</h3> 
<p>Amidst the sea of red, <a href="https://fantom.foundation/" target="_blank" rel="noreferrer noopener">Fantom</a> emerged as a rare exception with a minor surge of 0.94%, offering a glimmer of hope for investors amidst the prevailing crypto market dump.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/wBMpw_rB__zmArYfwv0mVtWX5slAFSROo-IW007g-0ch7v36Ox8lZ5Oqma-iJQuyeOQ8bt4-DqbYXTqms_py0-uzs2qWnjYCXT0DleGtsoy2Rwz6lnAQDTEz7zu1sd2JvrsJDbqk6fe8jE_FOGq3Ws0" alt="">
</figure> 
<p>As the crypto market dump navigates through turbulent waters, today’s events serve as a stark reminder of the inherent volatility and unpredictability. While some see this as a temporary setback, others are seizing the opportunity to capitalize on discounted prices. As the community braces for what lies ahead, all eyes remain glued to the charts. Anticipating the next move in this high-stakes game of crypto trading.</p>

Crypto Market Faces Crisis As Bitcoin Plunge To 13-Day Low

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