⛔️THE CRYPTO MARKET SEES WIDESPREAD DECLINE AS BITCOIN PLUMMETS🚨
🔥A recent update prominent crypto research and analytics platform, revealed that the cryptocurrency market is currently facing a significant downturn. As of today, January 13, 2024, all of the top 10 cryptocurrencies by market capitalization are trading in the red zone. This downward trend follows a sharp drop in Bitcoin’s price, which had reached a yearly high the day before.
😱Bitcoin’s Price Plunge
⬇️Bitcoin, the leading cryptocurrency, experienced a substantial decline in its value on Friday, losing 7.75% of its worth between its opening and closing prices, as reported by TradingView data. This sudden drop brought Bitcoin’s price down to the $43,000 region.
🤷♂️At the time of Bitcoin had recovered slightly, but its 24-hour loss still stood at 6.92%.
➡️Despite the overall market downturn, Bitcoin’s dominance slightly increased by 0.54%, reaching 47.82%. The Fear and Greed Index also remained at 64, indicating a prevailing greedy sentiment in the crypto market.
💘In contrast to the larger-capped cryptocurrencies, several smaller-cap tokens witnessed significant gains. With an impressive 54% increase in value over a 24-hour period. TRVL followed closely, achieving a 50% profit, while MYRO recorded a 38.9% gain during the same timeframe.
