đAllcoins Drop Sharply Amid Market Turmoil
đ The crypto market remains on fire, with the past 24 hours being particularly difficult. While Bitcoin (BTC) remains relatively stable, several leading cryptocurrencies have seen significant price declines, some exceeding 10%.
đ§ Major Losers: Shiba Inu and Avalanche Suffer
đ Over the past week, as of the morning of June 18, 2024, Bitcoin and Ethereum (ETH) have seen only modest losses of -2.9% and -2.5% respectively. However, most of the top 20 cryptocurrencies have seen sharp declines, with the exception of Ripple's XRP (+3% weekly) and Toncoin (TON) (+7.3% weekly).
đ„ Shiba Inu (SHIB) and Avalanche (AVAX) were hit the hardest, down -18.7% and -16.8% respectively over the past 7 days, mostly in the last 24 hours. Other coins that have also seen significant declines include Dogecoin (DOGE) -12.8%, Cardano (ADA) -11.7%, Chainlink (LINK) -11.5%, and Solana (SOL) -10.9%.
đ The reasons for these declines remain unclear, although they come after the poor performance of Bitcoin spot exchange-traded funds, which saw $600 million in net outflows last week. Despite the downturn, wealthy investors may have benefited from retail panic selling, as they bought assets at a discount.
Link: https://t.me/cryptoanalysisvn/1/1691
#bitcoin #ETH #Shibalnu #Ethereumâ #XRP. Ripple, Toncoin, AVAX, Dogecoin, Cardano, Chainlink, Solana, DOGE, Avalanche, LINK, SOL
