Bitcoin

Bitcoin continues to fall for the third consecutive day. On a weekly basis, the value has dropped by more than 5% after failing to maintain momentum above the $68,000 mark.

In the short term, Bitcoin recovered above $67,000 yesterday. However, strong selling pressure caused the price to drop sharply and eventually closed in the red.

The current BTC price is around $64,300, down about 2% from the previous 24 hours.

Altcoin market continues to be flooded with red

Leading the gains were Mog Coin (MOG) and Lido DAO (LDO), both of which fell more than 10% on the day. On a weekly basis, MOG lost 16%, while LDO plunged more than 20%.

Other major projects such as Fantom (FTM), Brett (BRETT), Ethereum Name Service (ENS), Celestia (TIA), Akash Network (AKT), Optimism (OP), Beam (BEAM), StarkNet (STRK), Ronin (RON), Arbitrum (ARB), Mantle (MNT), Helium (HNT), Core (CORE)…all fell by 7-9%.

Ethereum (ETH) fell despite the Ethereum ETF spot trading volume reaching about $951 million after trading $1.054 billion on the first day.

It fell nearly 7% yesterday and is currently approaching the $3,200 area.

(Personal opinion, not a recommendation)

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