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: Cryptocurrency Market Faces Significant Decline This Week
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 > News > Cryptocurrency Market Faces Significant Decline This Week
News

Cryptocurrency Market Faces Significant Decline This Week

In Brief

  • Crypto market saw a significant drop, with Bitcoin hitting a four-month low.

  • Binance added 11 altcoins to its watchlist, causing notable price drops.

  • Vitalik Buterin's portfolio rose to $707.70 million, sparking mixed reactions.

COINTURK NEWS
COINTURK NEWS 12 months ago
Share
SHARE

This week, the crypto market experienced a dramatic drop, with Bitcoin falling to a four-month low of $53,500. Simultaneously, altcoins also saw double-digit declines. Throughout the week, downward trends dominated, but the popularity of Hamster Kombat and the initial phase of the Artificial Super Intelligence (ASI) merger stood out as some positive developments in the crypto sector.

Contents
Important Step by Binance TeamToken Unlocks ContinueButerin’s Crypto Assets Come to Light

Important Step by Binance Team

On July 1, Binance added 11 altcoins to its watchlist, raising concerns about potential delistings. Projects like Balancer (BAL), Cortex (CTXC), PowerPool (CVP), Convex Finance (CVX), Dock (DOCK), Kava Lend (HARD), IRISnet (IRIS), MovieBloc (MBL), Polkastarter (POLS), Status (SNT), and Sun (SUN) are currently under review, leading to notable price drops.

For example, immediately after the announcement, Cortex dropped by 8.09%, while PowerPool and Dock fell by 12.66% and 11.71%, respectively. Binance’s action aims to manage tokens showing higher than normal volatility or risk, warning investors about possible future non-compliance with the exchange’s listing standards. The team issued the following warning:

“Tokens with a watch tag are at risk of no longer meeting our listing criteria and may be delisted from the platform.”

Token Unlocks Continue

July is set to be a critical month with over $3 billion in token unlocks. These events could increase the selling pressure in the market. The most significant of these is AltLayer (ALT), which will release tokens worth approximately $119 million on July 25, representing about 22% of the project’s market value.

Additionally, platforms like Aptos (APT) and Arbitrum (ARB) will continue their monthly token releases, potentially affecting their market values. These two platforms will cumulatively release tokens worth $150 million into circulation.

Buterin’s Crypto Assets Come to Light

Ethereum’s co-founder Vitalik Buterin’s portfolio has risen to $707.70 million, largely due to his Ethereum holdings and strategic investments. Despite market volatility, Buterin’s financial status remains solid, reflecting his fundamental role in the Ethereum ecosystem.

The revelation of his wealth sparked mixed reactions among investors; some community members emphasized his focus on technological advancement rather than personal wealth. One X user shared the following thoughts:

“I believe Vitalik Buterin doesn’t care about the money he has. His wealth lies in his belief in blockchain and the work he does. Therefore, I don’t care if he’s the richest or the poorest man in the world.”

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

Trump Organization Files Lawsuit Against Capital One for Account Closures

Will X Face Major Fines from the European Union?

New Mobile Game for Tower Defence Genre Lovers: Starz Defence

Join the Epic Space Adventure in Starz Defence Today!

SEC Initiates Investigation into Elon Musk’s Neuralink Before Gensler’s Term Ends

COINTURK NEWS 5 July, 2024 - 5:54 pm 5 July, 2024 - 5:54 pm
Share This Article
Facebook Twitter
Share
Previous Article Investors Trade Various Cryptocurrencies on Aevo
Next Article Crypto Newbies Capitulate as Bitcoin Keeps Falling, But Big Players Accumulate Altcoins
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

Cryptocurrencies Soar as Fed Holds Interest Rate Uncertainty
Economy
Israeli Forces Arrest Spy Over Iran Ties and Cryptocurrency Transactions
Cryptocurrency News
Best Layer 1 Pick for 2025? Kaanch Presale Stage 7 Gains Momentum as Solana Whales Move In
Sponsored Article
The Astonishing Surge of Cardano Sparks New Investment Opportunities
Cardano (ADA)
//

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?