Ethereum

Bitcoin

Helium

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-market-experiences-noticeable-decline/" data-wpel-link="internal">Crypto Market Experiences Noticeable Decline</a><br></p>
<p style="text-align: justify">The total <a href="https://en.coin-turk.com/cameron-winklevoss-proposes-final-offer-to-resolve-1-5b-debt-of-collapsed-genesis/" data-wpel-link="internal">crypto market</a> value (TOTAL) continues to experience a noticeable decline. The drop in Bitcoin’s (BTC) price has had a significant impact on this issue. Additionally, the rest of the market did not respond positively to the launch of the spot Ethereum ETF, resulting in a visible decrease in market volume. The biggest loser of the day was Helium (HNT).</p> 
<h2 style="text-align: justify" id="crypto-market-in-decline">Crypto Market in Decline</h2> 
<p style="text-align: justify">The total crypto market value has not shown an increase in the last four days, dropping by $163 billion. Currently at $2.264 trillion, TOTAL lost more than $90 billion in value in the last 24 hours.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-373738" src="https://coin-turk.com/wp-content/uploads/2024/07/total2-coin-turk-com.png" alt="" width="732" height="322"></p> 
<p style="text-align: justify">After the disappearance of two major support levels, the TOTAL indicator fell below the $2.30 trillion level, and concerns are growing that it could drop to $2.20 trillion. A recovery will likely require significant support from individual sellers facing difficulties as of today. A rise back to the $2.30 trillion level could trigger a jump in TOTAL.</p> 
<h2 style="text-align: justify" id="bitcoin-s-price-fails-to-break-out">Bitcoin’s Price Fails to Break Out</h2> 
<p style="text-align: justify">Bitcoin’s price, trying to break out of a rising wedge formation, showed a decline on daily charts. BTC fell from the $68,500 level it visited in the last four days to $63,800 and is trading at $64,300 at the time of writing. The critical support level for BTC is at the $63,100 region.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-373739" src="https://coin-turk.com/wp-content/uploads/2024/07/btc-grafik-coin-turk-com-1.png" alt="" width="738" height="320"></p> 
<p style="text-align: justify">Despite this, looking at past cycles, the view that BTC could make a turnaround in the future is becoming more widespread. On the other hand, unlike what happened with ETH, the inflows into spot Bitcoin ETFs seem to be resisting the broader market downturn. There is a view that Bitcoin could rise to $67,000 <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener" data-wpel-link="exclude">in the near future</a>, possibly before the end of the month. Conversely, if the decline continues and the process extends, Bitcoin could lose the $63,000 support, leading to a deeper decline for <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>.</p> 
<h2 style="text-align: justify" id="hnt-price-falling">HNT Price Falling</h2> 
<p style="text-align: justify">The 10.5% drop in HNT price in the last 24 hours positioned it as the most declining cryptocurrency among all altcoins. This resulted from HNT failing to surpass the $5.5 level it tested in recent days, leading to a loss of support at $5.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-373737" src="https://coin-turk.com/wp-content/uploads/2024/07/helium-site-coin-turk-com.png" alt="" width="729" height="298"></p> 
<p style="text-align: justify">The altcoin, finding buyers at the $4.7 region, could test the support at $4.5 and potentially fall below this level. If this happens, the HNT price could drop to the next support at $3.8.</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/crypto-market-experiences-noticeable-decline/" data-wpel-link="internal">Crypto Market Experiences Noticeable Decline</a></h5>
<p>The post <a href="https://en.coin-turk.com/crypto-market-experiences-noticeable-decline/" data-wpel-link="internal">Crypto Market Experiences Noticeable Decline</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Crypto Market Experiences Noticeable Decline

Spis treści

COINTURK NEWS

Inne artykuły opublikowane 25 lip 2024

WazirX Reports Breach to FIU, Reaches Out to 500+ Exchanges After $235M Hack

Marathon Adds $100 Million in Bitcoin to Treasury Reserve

BlackRock Dominates Ethereum ETF Market

Coinbase Citi Shares Upgraded to ‘Buy’, Officials Cite “Shifting US Politics”

Direct client demand driving growth in BlackRock's Bitcoin ETF so far

MOONHOP’s Nearly $1M Presale Stands Out in Notcoin Reward and BlockDAG Presale

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!