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: Crypto Market Experiences Dramatic Fall: Bitcoin (BTC) and Altcoins in Decline
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 > Crypto Market Experiences Dramatic Fall: Bitcoin (BTC) and Altcoins in Decline
Cryptocurrency News

Crypto Market Experiences Dramatic Fall: Bitcoin (BTC) and Altcoins in Decline

In Brief

  • The cryptocurrency market has witnessed a striking decline in the early hours of the day. The leading cryptocurrency, Bitcoin (BTC), dropped to levels as low as $25,400 during the day. The total market value of the cryptocurrency ecosystem also retreated to around $1.06 trillion, according to CoinMarketCap (CMC) data. Additionally, more than $1 billion worth […]
COINTURK NEWS
COINTURK NEWS 2 years ago
Share
SHARE

The cryptocurrency market has witnessed a striking decline in the early hours of the day. The leading cryptocurrency, Bitcoin (BTC), dropped to levels as low as $25,400 during the day. The total market value of the cryptocurrency ecosystem also retreated to around $1.06 trillion, according to CoinMarketCap (CMC) data. Additionally, more than $1 billion worth of short and long positions were liquidated, according to Coinglass data.

Contents
Latest Update on Bitcoin (BTC)Cryptocurrency Market in Decline

Latest Update on Bitcoin (BTC)

The cryptocurrency market experienced one of its sharpest declines in recent times in the early hours of the day. The leading cryptocurrency, Bitcoin (BTC), plummeted from around $28,500 to $25,400 within hours, along with the losses it recorded. BTC recorded a 7.5% loss in the last 24 hours and started trading at around $26,200 at the time of writing.

Ethereum (ETH), which lost more than 6% in the last 24 hours, fell to the $1670 level. The total market value of the cryptocurrency ecosystem also retreated to $1.06 trillion after the declines. Most high market cap cryptocurrencies have recorded significant losses since the early hours of the day.

Furthermore, the volatility in the cryptocurrency market, after weeks of sideways movement, has shown an increase again. According to Coinglass’s latest data, more than $1 billion worth of short and long positions were liquidated in the cryptocurrency market in the last 24 hours.

Cryptocurrency Market in Decline

The majority of altcoins in the cryptocurrency market experienced one of the most striking declines in recent times when Bitcoin dropped to around $25,400 in the early hours of the day. With their latest losses, BNB fell to $217, XRP to $0.5, Cardano (ADA) to $0.26, Solana (SOL) to $21.9, Dogecoin (DOGE) to $0.062, and TRON (TRX) to $0.073.

Moreover, many cryptocurrencies recorded double-digit losses due to this striking decline in the cryptocurrency market during the day. Conflux (CFX), XRP, Litecoin (LTC), ApeCoin, Bitcoin Cash (BCH), and EOS recorded the highest percentage of losses among the top 100 cryptocurrencies in terms of market capitalization, according to CMC data.

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

June Sparks Optimism for Ethereum, EOS, and AVAX

Crypto Markets Rally as Trump Meets Xi for Crucial Talks

Trump Boosts Market Confidence With Bold Statements On China

Market Calms as Crypto Values Climb Again

The Week Ahead: Key Developments in the Cryptocurrency Space

COINTURK NEWS 18 August, 2023 - 7:05 pm 18 August, 2023 - 7:05 pm
Share This Article
Facebook Twitter
Share
Previous Article What Does Chapter 11 Bankruptcy Filing Mean? Examples and Detailed Explanations of Crypto Companies!
Next Article Shiba Inu: Whale Effect Turns Short-Term Decline into Long-Term Conviction
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

Cryptocurrency Dynamics Surge with Political Moves
Altcoin News
June Sparks Optimism for Ethereum, EOS, and AVAX
Cryptocurrency News
Crypto Markets Rally as Trump Meets Xi for Crucial Talks
Cryptocurrency News
Trump Boosts Market Confidence With Bold Statements On China
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?