COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Bitcoin Price Drops Impact Market Sentiment
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Cryptocurrency News > Bitcoin Price Drops Impact Market Sentiment
Cryptocurrency News

Bitcoin Price Drops Impact Market Sentiment

In Brief

  • Bitcoin's price drop raises concerns in the cryptocurrency market.

  • Major cryptocurrencies like Ethereum and Ripple also experience declines.

  • Increased trading volume indicates market activity despite uncertainty.

Ömer Ergin
Ömer Ergin 6 months ago
Share
SHARE

The observed 1.5% drop in Bitcoin $105,034 price spreads a negative sentiment across the market. With Bitcoin falling below $93,000, uncertainty in the cryptocurrency market has increased. Simultaneously, Helium (HNT) lost 12% and Quant (QNT) saw a 10% decrease in value. This overall market fluctuation resulted in a decline of the total global market capitalization to $3.22 trillion. During this period, the trading volume surged by 50%, reaching $139 billion.

Contents
Major Cryptocurrencies Continue to DeclineRisers and Fallers

Major Cryptocurrencies Continue to Decline

The loss in Bitcoin’s value also impacted leading cryptocurrencies such as Ethereum (ETH) $2,519 and Ripple (XRP) $2. Ethereum’s price decreased by 2.4%, dropping to $3,336, alongside significant fund outflows from Ethereum ETFs. Ripple declined by 5%, settling at $2.02, while Solana $144 (SOL) faced a 1% drop, trading at $190.

These declines further supported the negative perception prevailing in the market. The anticipation of BlackRock ETF data is amplifying pressure on traders. Particularly, uncertainties regarding market direction have led to cautious trading behavior.

Risers and Fallers

Some digital assets exhibited notable activity in the market. Zerebro (ZEREBRO) surged by 25% to reach $0.55, indicating an 82% weekly gain. DeXe (DEXE) increased by 8%, rising to $13.88. However, tokens like Helium and Quant drew attention with losses exceeding 10%.

While the total trading volume in the cryptocurrency market increased, the decline in leading digital assets adversely affected the market’s overall atmosphere. A manager at Riot Platforms indicated that regulatory pressure on Bitcoin mining is creating new challenges within the sector.

In conclusion, losses in major cryptocurrencies and market uncertainty are prompting traders to act more cautiously. Nonetheless, the increase in trading volumes suggests that the market is maintaining its dynamism. The recent acceptance of new payment methods may support cryptocurrency adaptation, potentially fostering a more positive environment ahead.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Investors Stockpile Ethereum as Supply Shrinks

Bitcoin Trades Rapidly in Narrow Price Range

Ethereum ETFs Witness First Withdrawal After Unprecedented Investment Surge

Crypto Markets Expect Gains as Economic Winds Shift

How A Turbulent Israel-Iran Incident Shakes Financial Markets

Ömer Ergin 31 December, 2024 - 9:14 am 31 December, 2024 - 9:14 am
Share This Article
Facebook Twitter
Share
Previous Article Ki Young Ju Questions U.S. Government’s Motivation for Bitcoin Standard
Next Article MicroStrategy Continues Its Bold Bitcoin Strategy
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Investors Stockpile Ethereum as Supply Shrinks
Cryptocurrency News Ethereum (ETH)
Shiba Inu Soars as Token Burn Rate Surges Over 3400%
Shiba (SHIB)
XRP Price Holds Steady Despite Geopolitical Strains
Ripple (XRP)
Bitcoin Trades Rapidly in Narrow Price Range
Bitcoin (BTC) Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?