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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/cryptocurrency-market-experiences-noticeable-decline/" data-wpel-link="internal">Cryptocurrency Market Experiences Noticeable Decline</a><br></p>
<p style="text-align: justify">The decline in cryptocurrencies last night affected all altcoins. Notably, Bitcoin and high-volume altcoins experienced visible drops. The recent rise, driven by expectations of a Fed rate cut announcement, had pleased <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>, but the subsequent price drop caused concern. So, what is happening in the market as we start August 21, 2024?</p> 
<h2 style="text-align: justify" id="bitcoin-price">Bitcoin Price</h2> 
<p style="text-align: justify">Recently, Bitcoin experienced a significant price drop that affected the entire market, but it later recovered. The BTC price settled between $58,000 and $60,000 and consolidated for a week, which remains unchanged. Yesterday, the price rose above $61,000 but then moved downward again.</p> 
<p style="text-align: justify">In the last 24 hours, BTC turned negative, showing a 2.83% drop. The decline saw BTC finding buyers at $59,300. The price drop also impacted market volume, which fell to $1.17 trillion.</p> 
<p style="text-align: justify">BTC’s 24-hour trading volume dropped from $28.1 billion to $26.9 billion, indicating investor hesitation despite the decline.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-381667" src="https://coin-turk.com/wp-content/uploads/2024/08/trx-coin-turk-com.png" alt="" width="1232" height="644"></p> 
<h2 style="text-align: justify" id="altcoin-status">Altcoin Status</h2> 
<p style="text-align: justify">Ethereum, Bitcoin’s closest follower, also felt the price drop, experiencing a similar decline and causing further investor concern.</p> 
<p style="text-align: justify">ETH price fell by 3.32% today after a 2.33% rise yesterday, dropping from $2,688 to $2,594. Amid questions about when ETFs might support price increases, ETH’s market volume fell to $312 billion, with a slight drop in 24-hour trading volume to $12 billion from $12.6 billion.</p> 
<p style="text-align: justify">Looking at the third-largest cryptocurrency (excluding stablecoins), BNB also experienced a decline. BNB, which remained stronger compared to BTC and ETH, saw a 1.67% drop in the last 24 hours, trading at around $561, giving hope to its investors.</p> 
<p style="text-align: justify">SOL, which had different price levels at the beginning and end of 2023, also saw a price drop today, increasing rumors among its investors. SOL fell by 3.19% in 24 hours, settling at $142.82.</p> 
<p style="text-align: justify">The situation was not much different for <a href="https://en.coin-turk.com/ripple-analysis-important-support-and-resistance-levels-for-xrp/" data-wpel-link="internal">XRP</a>, which lost the $0.60 level it had reached again yesterday. XRP’s price change indicated a 1.95% drop, with its value at $0.5958.</p> 
<p style="text-align: justify">Telegram’s TON coin has been declining for two days after days of rising. TON’s price fell by 1.46% yesterday and another 3.40% today, settling at $6.65. Lastly, the undisputed leader of meme coins, DOGE, remains at around $0.1039, staying above the psychological support of $0.10.</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/cryptocurrency-market-experiences-noticeable-decline/" data-wpel-link="internal">Cryptocurrency Market Experiences Noticeable Decline</a></h5>
<p>The post <a href="https://en.coin-turk.com/cryptocurrency-market-experiences-noticeable-decline/" data-wpel-link="internal">Cryptocurrency Market Experiences Noticeable Decline</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Cryptocurrency Market Experiences Noticeable Decline

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