#CryptoMarketDip
The crypto market has been experiencing a massive downturn in the past 24 hours. Bitcoin (BTC) price has fallen by around 5% to $97,026 per coin, while Ethereum (ETH) and Binance (BNB) have also fallen by 8% and 4.59% ¹.
The downturn is due to several factors, including a change in trend from bullish to bearish. The “head and shoulders” pattern that has formed on the Bitcoin price chart also indicates this change in trend ¹.
Here are some of the coins that were affected by the market decline:
- _Bitcoin (BTC)_: -5% to US$97,026
- _Ethereum (ETH)_: -8% to US$3,386
- _Binance (BNB)_: -4.59% to US$697
The global crypto market cap also fell by around 5.59% to US$3.39 trillion in the last 24 hours ¹.