Cryptocurrencies continue to decline. BTC fell by up to 10% to $95,000.
The declines experienced in altcoins and memecoins were much more severe.
When we look at the #CoinMarketCap 100 Index, the effect of the decline is clearly seen.
️ It seems that the index, which tracks the price movements of the 100 cryptocurrencies with the highest market value, has entered a downward trend since 17.12.2024.
The decline has deepened much more in the last 24 hours. More than $ 1 billion has been deleted from the crypto market.
Let's say that the declines outside the top 10 cryptocurrencies are much more severe. The cryptocurrency that keeps the top 100 index alive is Bitcoin. When we remove #BTC , we see more striking effects of the decline.
All of this data and more are available on the @CoinMarketCap site.
The sharpest decline in the top 10 was experienced by DOGE. There was a decline exceeding 10%. Memecoins are more affected by declines. PNUT fell by nearly 20%.
There is no one standing on the altcoin side either. Altcoins such as BNB, ETH, AVAX, SOL fell by nearly 10%. Altcoins such as LUNC, LUNA, AAVE, FTM have fallen by more than 10%.
There is a general decline in the market right now. Separating coins specifically may mislead you. Where this decline will end is a matter of curiosity...