Ethereum

Bitcoin ETF

<ul>
 <li><strong>Crypto market plunges; Bitcoin and altcoins see significant declines.</strong></li>
 <li><strong>Bitcoin ETF inflows have dropped sharply by 80% in the past 24h.</strong></li>
</ul>
<p>In a dramatic turn of events, the global cryptocurrency market has witnessed a staggering 7.63% decrease, with its total market cap plummeting to $2.57 trillion over the last day. Bitcoin, the leading cryptocurrency has slumped to $67,000, marking an 8% decline.</p>
<p>The downfall doesn’t end there; <a href="https://thenewscrypto.com/bitcoin-price-faces-correction-amidst-ongoing-bullish-momentum/" rel="noopener noreferrer nofollow">Bitcoin</a> ETF inflows have nosedived by a staggering 80.6% in just 24 hours, exacerbating the already grim situation. Moreover, the impending Bitcoin halving in a mere 35 days adds another layer of uncertainty to an already volatile market.</p>
<p>Meanwhile, the nicknamed Altcoin head Ethereum faced a 7% decline in the past 24 hours. Currently, it is trading at $3,677.03.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/u2oCP70iM5BzuhjgZS_g_W8wvG7wPvCvTNM08rTLhLBAYp6R3SCvFWvg15Q4uVZUae8_qVPf8fLbKs_wvZGLJSuU4vPfLrZqWQpoNWGRHvTQ31skjKfQPvlpStyvOxN_ZCEKaIxWNdEjKFHajaAl6UU" alt="">
  <figcaption class="wp-element-caption">
   Top Crypto By Market Cap Price Chart, Source: Santiment
  </figcaption>
 </figure>
</div>
<p>Other Altcoins haven’t been spared from this bearish trend either. In the past 24 hours, major players like XRP, ADA, AVAX, DOT, TON, MATIC, and LINK have witnessed significant declines ranging from 10% to 13%. Even meme-inspired coins like SHIB, DOGE, and PEPE, which showed resilience in the past week, have taken a substantial hit, plummeting 14% to 15%.</p>
<p>The downturn comes on the heels of a warning from prominent crypto entrepreneur Samson, who predicted the crash of altcoins in the coming weeks. He highlighted the lack of substantial daily inflows, ranging from $500 million to $1 billion, which Bitcoin enjoys compared to its altcoin counterparts.</p>
<h3 class="wp-block-heading" id="h-what-traders-be-aware-of">What Traders Be Aware Of?</h3>
<p>With Bitcoin slipping below the $68,000 mark for the first time since March 8th, panic has begun to grip the market. Investors are now weighing their options, contemplating whether to buy the dip or engage in panic selling. The sentiment is further fueled by reports from reputable data aggregator <a href="https://twitter.com/santimentfeed" rel="noopener noreferrer nofollow">Santiment</a>, which suggests that a fair amount of Fear, Uncertainty, and Doubt (FUD) is likely to catalyze a quick bounce back in the crypto market.</p>
<p>As the crypto community braces for what lies ahead, one thing is clear: volatility remains the defining characteristic of this burgeoning market. Investors are advised to trade cautiously and communities to stay informed amidst the ever-evolving landscape of digital currencies.</p>

Will The Altcoin Dump Affect Your Portfolio Further?

目录

TheNewsCrypto

发布于 2024年3月15日的其他文章

Shiba Inu Community Torches Millions of SHIB Tokens, Propelling Value

Crypto Liquidations Top $680 Million as Bitcoin Reverses Gains

Elon Musk Says 'We Should Enable' Dogecoin Payments For Tesla

Ripple Market Sentiment Remains Positive Despite Another 20% Drop – How High Can XRP Spike in 2024?

Polygon’s MATIC Shows Potential for Higher Gains

UniLend (UFT) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

订阅我们免费的电子期刊，获取每日最新加密领域动态！