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Today, cryptocurrency prices showed a general downtrend. While Bitcoin (BTC) 
$111,035 and major altcoins lost value, XRP ranked among the worst performers in the top ten cryptocurrencies. In contrast, Chainlink 
$17 (LINK) emerged as the top gainer with a 6% increase over the last 24 hours.
Overall Market Outlook
The total market capitalization decreased by approximately 2%, falling to $3.65 trillion. Meanwhile, the trading volume increased by 2% to reach $155 billion. These indicators reflect the fluctuating nature of cryptocurrencies today.
Bitcoin and Major Altcoins
The price of Bitcoin (BTC) suddenly dropped by $2,000, falling from $101,000 to $99,000. Major altcoins followed Bitcoin’s downward trend, losing between 2% and 5% in value. Meme coins such as Dogecoin 
$0.246746 (DOGE) and Shiba Inu (SHIB) also experienced losses ranging from 2% to 4%, reflecting a cautious approach from traders.
Ethereum and Other Significant Cryptos
Ethereum (ETH) 
$2,669 traded at $3,951, while XRP saw a significant drop to $2,489. Solana 
$186 (SOL) maintained a price of $232, ranking fifth. These cryptocurrencies moved in parallel with the overall market trend.
Meme Coins Exhibit Mixed Performance
Meme coins generally followed the market trend and experienced declines, although PEPE recorded a 4% increase. Additionally, Shiba Inu’s scaling solution, Shibarium, surpassed 2 million wallets, marking a positive development.
Top Gainers and Losers in Cryptos
Chainlink (LINK) emerged as the top gainer with an 8% increase in the last 24 hours. On the other hand, Peanut the Squirrel (PNUT) suffered a significant 12% decline, while EOS and Jupiter also lost considerable value.
The cryptocurrency market is expected to continue its downward trend in the short term. Traders remain cautious due to the market’s volatile nature. In particular, Bitcoin’s strategic reserve plans and the movements of key investors continue to shape market dynamics.
Recent fluctuations in the values of Bitcoin and many other cryptocurrencies indicate general uncertainty in the market. This period emphasizes the importance of closely monitoring market movements for traders. Experts suggest that long-term strategies may be healthier due to the market’s volatile nature.
