Cardano

Bitcoin

DOGS

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-experiences-sharp-decline" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Experiences Sharp Decline</a><br></p>
<p style="text-align: justify">The cryptocurrency market has suffered a substantial downturn, with the total market value (TOTAL) and Bitcoin falling below critical support levels. August saw the market losing $313 million, primarily due to phishing scams, while other cryptocurrencies like Cardano implemented significant updates.</p>
<h2 id="what-s-driving-the-crypto-market-down">What’s Driving the Crypto Market Down?</h2>
<p style="text-align: justify">In just 24 hours, the total cryptocurrency market value plummeted by $60 billion, bringing it below the $2 trillion threshold with a potential to further dip to $1.88 trillion. Investors’ sentiment remained bearish in September following the downtrend in August, making recovery prospects uncertain. If TOTAL manages to regain the $2 trillion support level, it could see a rise to $2.11 trillion, though the market would likely consolidate within this range.</p>
<h2 id="how-is-cardano-s-chang-hard-fork-impacting-the-market">How Is Cardano’s Chang Hard Fork Impacting the Market?</h2>
<p style="text-align: justify">Bitcoin has experienced a significant fall, dropping 10.77% over the past week. Its price currently hovers above the crucial support level of $57,000. This decline has alarmed <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a>, raising concerns about potential further losses if the price continues to fall.</p>
<p style="text-align: justify">Meanwhile, the <a href="https://en.bitcoinhaber.net/what-is-driving-bomes-price-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">memecoin</a> DOGS has seen the most substantial drop among altcoins, plunging 14.38% within 24 hours to an all-time low of $0.00108. Market sentiment around DOGS is overwhelmingly bearish, necessitating close monitoring of price movements to avoid further declines.</p>
<h2 id="key-inferences-for-investors">Key Inferences for Investors</h2>
<p style="text-align: justify">– Monitoring the market’s ability to reclaim the $2 trillion support level is crucial for predicting potential recovery.<br> – Bitcoin must maintain its support at $57,000 to avoid further declines.<br> – Investors should watch for DOGS to turn $0.00130 into a support level to signal possible recovery.</p>
<p style="text-align: justify">For DOGS to confirm a recovery, it needs to establish $0.00130 as a support base. Achieving this could indicate a potential reversal and restore investor confidence. Until then, DOGS is susceptible to further losses, making it essential for investors to exercise caution.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-experiences-sharp-decline" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Experiences Sharp Decline</a></h5>

Bitcoin Experiences Sharp Decline

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