The crypto market is starting to see red as #Bitcoin falls t | HwngTrn on Binance Square

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The crypto market is starting to see red as #Bitcoin falls to $58,000.

$BTC is trading around $58,500, down more than 4% over the past 24 hours. Leading cryptos are also seeing sharp declines such as $SOL (🔻8%) and $ETH (🔻3%).

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Today, the #Bitcoin price has been trading around $57,500, down nearly 2% in the past 24 hours. $BTC 's decline occurred in the context of not much macro news being announced, even US stock indexes such as NASDAQ, and Dow Jones increased strongly in the past day. Leading tokens also fell from 2% to 7%, including $ETH (🔻3%), $XRP (🔻1%), and $SOL (🔻1%). Many meme coins like $PEPE and $WIF have dropped sharply (🔻7%). #MarketDownturn

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Today, the price of #Bitcoin has surpassed the $60,000 barrier and is currently trading around $60,700. With $BTC 's impressive performance, some tokens in the Bitcoin ecosystem have also seen gains, such as $1000SATS (🔺 6%) and $STX (🔺 7%).

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Today, the crypto market has experienced a strong recovery, with many altcoins showing gains in green. The price of #Bitcoin has continued to fluctuate significantly over the past day, ranging from $58,000 to $60,500. The price of $BTC is currently trading around $59,400, reflecting a 1.7% increase in the past 24 hours. Several tokens have also shown strong recovery, including $ $ETH (🔺7%), DOGE (🔺5%), and $BNB (🔺3%). #CryptoMarketMoves #CryptoMarketMoves

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Last week, crypto investors had a tumultuous week as prices fluctuated constantly due to various events. On August 5, the market experienced a significant decline, with all cryptocurrency prices falling sharply. Bitcoin fell from nearly $60,000 to less than $50,000 in just 24 hours, representing a 20% drop. Other major cryptocurrencies, such as Ethereum (down more than 20%) and meme coins like PEPE (down 24%), experienced similar declines. However, the market quickly recovered the next day as investors, particularly those who believed in cryptocurrency, took advantage of the opportunity to buy "discounted Bitcoin". BTC quickly returned to $55,000 on August 6, with a trading volume of $109.4 billion. In addition to Bitcoin, Solana has received a lot of attention over the last week. On August 6, Solana set a new record against Ether (SOL/ETH) as the market recovered from its sharp decline. Two days later, SOL/ETH continued to set an all-time high of 0.0643, demonstrating Solana's consistent growth. Many analysts believe SOL will continue to grow and reach $200, though there are risks that it could fall below $100. Along with Solana, XRP received a lot of attention after Ripple won its long-awaited lawsuit against the SEC. After four years of legal battles, Ripple was convicted of violating federal securities laws and fined $125 million. However, XRP was determined not to be a security and could still be sold to Ripple's institutional investors. As a result, XRP's price skyrocketed by 20% to $0.63 following the news release and is now trading at $0.56, with a chance of falling to $0.55. Crypto investors also received good news about cryptos that are related to Telegram. Firstly, Binance officially listed TON (Toncoin), the native cryptocurrency of the Telegram Open Network, with spot trading pairs including TON/BTC, TON/USDT, TON/FUSD, and TON/TRY. Second, the popular tap-to-earn game Hamster Kombat added an Airdrop section, which provides opportunities to earn more HMSTR. #MarketDownturn #TONonBinance #XRPVictory

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