Pepe coin (PEPE), which has experienced a strong downward trend in recent weeks and recorded a loss of over 45% in the past month, has also accelerated its value losses in recent days. Pepe coin has experienced a loss of over 15% in the past week and over 7% in the past 24 hours, trading at levels of $0.00000067.
Crypto Market in Decline
The leading cryptocurrency Bitcoin (BTC), although surpassing $25,900 in the early hours of the day, quickly fell again and retreated to levels of $25,700. With the recent value losses, the crypto market started the new week with a decline, influenced by the decline in BTC.
Ethereum (ETH) also recorded a loss of over 1% in the past 24 hours, approaching the $1600 support level significantly. The total market value of the crypto ecosystem has also decreased to $1.03 trillion, according to CoinMarketCap (CMC) data.
Furthermore, volatility in the crypto market has increased. According to Coinglass data, approximately $80 million worth of short and long positions were liquidated in the crypto market in the past 24 hours.
Loss Approaching 50%
Due to the downward trend in the crypto market and the value losses in BTC, many cryptocurrencies have experienced significant losses during this period. Pepe coin is also among the cryptocurrencies that have recorded high rates of value loss in recent weeks.
Pepe coin, which has recorded a loss of over 45% in the past month, also experienced a loss of over 15% in the past week. Additionally, Pepe coin accelerated its value losses due to the downward trend in the market on the first day of the new week and dropped to levels of $0.00000067. According to CMC data, following the recent declines, Pepe coin is among the cryptocurrencies that have lost the most percentage-wise in the past month.
