The Devastating Effect on Crypto: These 5 Altcoins Fell Very Hard! šØ
With Bitcoin dropping to $96,000, the altcoin market experienced some terrifying declines. $BTC recently reached a high of $108,000, making investors happy, but the sharp pullback saw it drop to $96,000. Following this, $ETH (Ethereum), which slid to $3,300, triggered a cascade of losses across the altcoin market. Here are the top 5 altcoins hit hardest in the last 24 hours:
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š» 1. Ethena (ENA)
Price drop: 16%
Reason for decline: Recent hype over its acquisition by World Liberty (backed by the Trump family) couldn't prevent the sharp drop.
Investor concern: This decline has left investors worried about future prospects.
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š» 2. Virtual Protocol (VIRTUAL)
Price drop: 15%
Reason for decline: The AI Agents trend fizzled out, combined with an unexpected pullback in $BTC, causing this drop.
Impact on #VIRTUAL: The fall of AI Agents led to a decrease in market confidence for this token.
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š» 3. Beam (BEAM)
Price drop: 14%
Reason for decline: Seen as a future bull market gem, $BEAM retreated to the $0.025 range.
Next potential move: If $BEAM can't hold this support level, further declines could follow.
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š» 4. Lido DAO (LDO)
Price drop: 13%
Reason for decline: Weak outlook in $ETH led to selling pressure, affecting $LDO, the staking token for Ethereumās Lido DAO.
Future outlook: The decline may continue for some time as ETH struggles.
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š» 5. Fantom (FTM)
Price drop: 12%
Reason for decline: Despite a recent rebrand to the Sonic network, $FTM faced heavy selling pressure.
Current issue: Poor performance and the broader market slump are dragging Fantom down.
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Crypto Investors: Stay Alert! ā ļø The market is volatile, and these declines highlight how even promising altcoins can take a hit when Bitcoin and Ethereum move in unpredictable ways.
#ElSalvadorBTCReserve #GrayscaleSUITrust #MarketCorrectionBuyOrHODL? $BNB