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Reading: Bitcoin’s Fall Below $26,000 Triggers Crypto Market Decline, Altcoins Experience Double-Digit Losses
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COINTURK NEWS > Altcoin News > Bitcoin’s Fall Below $26,000 Triggers Crypto Market Decline, Altcoins Experience Double-Digit Losses
Altcoin NewsCryptocurrency News

Bitcoin’s Fall Below $26,000 Triggers Crypto Market Decline, Altcoins Experience Double-Digit Losses

In Brief

  • The crypto market experienced a decline in the past week as the leading cryptocurrency, Bitcoin (BTC), dropped below the $26,000 level. With BTC falling to $25,900, most altcoins in the crypto market recorded double-digit losses.ContentsDecline Continues in the MarketDouble-Digit Losses Within DaysSHIBLUNC Decline Continues in the Market Following the decline in the crypto market last […]
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COINTURK NEWS 2 years ago
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The crypto market experienced a decline in the past week as the leading cryptocurrency, Bitcoin (BTC), dropped below the $26,000 level. With BTC falling to $25,900, most altcoins in the crypto market recorded double-digit losses.

Contents
Decline Continues in the MarketDouble-Digit Losses Within DaysSHIBLUNC

Decline Continues in the Market

Following the decline in the crypto market last Friday, Bitcoin (BTC) fell below the $26,000 level and started trading at around $25,900. The total market value of the crypto industry dropped to $1.05 trillion, according to CoinMarketCap (CMC) data.

BTC’s drop to $25,900, which marked one of the most significant declines in recent times, resulted in many altcoins also experiencing double-digit losses.

Double-Digit Losses Within Days

The current downward trend in the crypto market and BTC has caused cryptocurrencies to lose value at high rates in recent days. Many altcoins recorded double-digit losses exceeding 10% in the past seven days. SHIB and LUNC, which have experienced a strong downward momentum in recent times, ranked among the top cryptocurrencies with the highest percentage of value losses.

SHIB

Shiba Inu (SHIB) continued to rise in August despite the crypto market decline, reaching levels as high as $0.00001. However, it faced significant resistance at these levels and experienced a decline again in recent weeks, falling to critical levels. SHIB, which lost over 20% in the past week, started trading at $0.0000081, recording a nearly 3% drop in the past 24 hours.

LUNC

Terra Classic (LUNC), the previous version of Terra 2.0, experienced a significant collapse in May 2022, dropping from $120 to $0.000016 and suffering massive losses. After the collapse, LUNC continued to lose value in recent months and accelerated its value losses during the week. LUNC lost over 15% in the past seven days, trading at $0.000065 and approaching its lowest price levels in years.

Sorumluluk Reddi: Bu yazıda yer alan bilgiler kesinlikle yatırım tavsiyesi içermez. Yatırımcılar, kripto para birimlerinin yüksek volatiliteye sahip olmaları dolayısıyla risk taşıdıklarını bilmeli ve işlemlerini kendi araştırmaları doğrultusunda gerçekleştirmelidir.
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.

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COINTURK NEWS 21 August, 2023 - 8:05 pm 21 August, 2023 - 8:05 pm
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