Bitcoin

Dogecoin

Cream

Gifto

Frontier

NATIX Network

Daddy Tate

<ul><li>Bitcoin and top altcoins see significant price reductions, with the market cap falling to $2.08 trillion.</li><li>NATIX and Gifto emerged as top gainers despite the general market downturn, recording rises of 17.7% and 15.8%, respectively.</li><li>Stablecoins like USDT and USDC demonstrate stability amidst widespread losses in the crypto market.</li></ul>The cryptocurrency market <a href="https://x.com/CryptoRank_io/status/1809150237442744409" rel="noopener noreferrer nofollow">experienced</a> significant turbulence recently, with Bitcoin trading below the $56,000 mark. The top 10 <a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow">cryptocurrencies</a> are in the red zone, reflecting the overall market downturn.<a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a>, the leading cryptocurrency, saw a 7.04% decline, bringing its price to $55,299. This drop contributed to a 7.99% reduction in the overall market capitalization, now at approximately $2.08 trillion. The 24-hour spot trading volume increased 35.5%, reaching $62.82 billion.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcgn-DL1X9fExx1RScktiiL-iesAzd2P7Gr0RaVulTz6ppHBRF1dq4H6gxZ1afJXP7QV1WuGrvyIrU1PagNJRp6vQyVVw_XoCEKpqSghoNCop0iSJl0iF5nnid2Cx-pFci0GHCa9gzckw_KEekDlFWc5fSQ?key&#61;vXeTxfMECT8SjwejR9FiYw" />Ethereum, the second-largest cryptocurrency by market cap, also experienced a sharp decline. It dropped 9.90% to $2,874. Solana and Binance Coin were not spared either, recording losses of 6.45% and 11.79%, respectively.<a href="https://cryptotale.org/market-downturn-hits-cryptos-bitcoin-below-56k-altcoins-in-red/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Market Downturn Hits Cryptos: Bitcoin Below $56K, Altcoins in Red

CryptoTale

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