Bitcoin Price Drops Impact Market Sentiment

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Coin-Turk 10 months ago 283

The observed 1.5% drop in Bitcoin $92,577 price spreads a negative sentiment across the market. With Bitcoin falling below $93,000, uncertainty in the cryptocurrency market has increased. Simultaneously, Helium (HNT ($2.40)) lost 12% and Quant (QNT ($85.82)) saw a 10% decrease in value. This overall market fluctuation resulted in a decline of the total global market capitalization to $3.22 trillion. During this period, the trading volume surged by 50%, reaching $139 billion.

Major Cryptocurrencies Continue to Decline

The loss in Bitcoin’s value also impacted leading cryptocurrencies such as Ethereum (ETH ($3,432.86)) $



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