The cryptocurrency market has experienced a sharp decline after the Federal Reserve announced a 25 basis point rate cut, causing Bitcoin (BTC) to fall below the $100,000 mark. Contrary to expectations of a positive market response, the news triggered widespread selling, affecting major altcoins. Ethereum (ETH) fell by 6%, while XRP plummeted by 10%, with most cryptocurrencies showing negative momentum.
An exception to this decline is USUAL, which has surged 23% in the past 24 hours. Overall market value has fallen by 5% to $3.44 trillion. However, trading volume has surged by 40% to $251 billion, indicating high market participation. The fear and greed index remains at 69, reflecting that despite the decline, greed sentiment is still very high.
Today's Bitcoin price
Bitcoin (BTC) price has dropped about 4%, trading at $100,880. Its 24-hour low and high prices are $98,874 and $105,389, respectively. The market cap is $2 trillion, with a trading volume of $100 billion and a market share of 57.12%.
Ethereum's current price
The trading price of Ethereum (ETH) is $3,652, reflecting a decline of 6% over the past 24 hours. The 24-hour low and high prices are $3,543 and $3,902, showing significant volatility in the cryptocurrency market today.
Altcoin
The most concerning topic for everyone, the 'altcoin season', I can tell you that it is definitely not now, at least not within 1-2 weeks, the reason is that the main uptrend of Bitcoin has not ended.
The altcoin bull market, the precise timing of its outbreak, occurs in the later stages of the Bitcoin uptrend, that is, when Bitcoin enters the 'garbage time', only then is it the time for altcoins to explode.
About some new coins
(Facing Binance listing) Smart people have already entered short mode, the key is that Binance generally will first pump it, the cat will be very strong at the opening, but then it will drop significantly, even a bunch of top-tier secondary traders shouting together won't help, but they are all taking advertisements.
About old coins, Litecoin ($LTC)
Litecoin's trend is very standard, previously it had a spike that tested the key chip conversion area. It rebounded after touching the key support level. The current position is at the lower track of the speed resistance line, with future upward expectations targeting the upper track at $300.
1.$MOVE
The current price of Movement (MOVE) is US$0.7022, with a 24-hour trading volume of US$1,073,964,646. This indicates a price increase of 9.24% over the past 24 hours and a 1.09% increase over the past 7 days.
is an Ethereum-based token, the launch of Move Coin is not only a technical innovation but also an important step towards broader applications and development in the blockchain field.
The Movement Network, to which Move Coin belongs, is a modular framework for building and deploying Move-based infrastructure, applications, and blockchains in a distributed environment.
2.$AIXBT
The current price of AIXBT by Virtuals is US$0.2668, with a 24-hour trading volume of US$54,186,397. This indicates a price increase of 15.84% over the past 24 hours and a 7.90% increase over the past 7 days.
AIXBT Coin is an AI-driven meme token based on the Base chain, focusing on analyzing hot topics and trends in the cryptocurrency market through artificial intelligence.
AIXBT Coin provides cryptocurrency investors with a valuable market insight tool through its unique AI technology and market analysis tools.
3.$MOCA
The current price of Moca Coin (MOCA) is US$0.1582, with a 24-hour trading volume of US$187,122,632. This indicates a price increase of 24.73% over the past 24 hours and an 80.52% increase over the past 7 days.
Moca Coin is an Ethereum-based token primarily used to reward holders of Mocaverse NFTs.
Since its debut, the Moca token has performed remarkably, with an initial market value of $72 million, subsequently rising by 41% to reach $102 million.
4.$ARC
The current price of AI Rig Complex (ARC) is US$0.2057, with a 24-hour trading volume of US$98,040,791. This indicates a price increase of 55.40% over the past 24 hours.
Arc Coin is based on blockchain technology, utilizing 'verifiable data structures' and 'space-time proof' mechanisms. The application of these technologies enhances the system's security and transparency while ensuring the speed of transactions.
Since its launch on December 11, Arc Coin's market value has rapidly climbed, showing enormous market potential. Its market value reached $38.1 million just 11 hours after launch, indicating broad investor attention and enthusiasm.
