đđ ALERT: CRYPTO MARKET IN FULL DECLINE AS BITCOIN LOSE GROUND đš
đ„A recent update from a major crypto research platform revealed a clear slowdown in the cryptocurrency ecosystem. As of today, January 13, 2024, the top 10 cryptos by market capitalization are all in the red zone. This downward trend echoes a strong correction in the price of Bitcoin, which had reached its annual high the day before.
đ±The Bitcoin Price Debacle
âŹïžBitcoin, the leading crypto, suffered a significant drop in value on Friday, recording a 7.75% drop from open to close, according to TradingView data. This sudden correction brought the price of Bitcoin back to around $43,000.
đ€·ââïžAlthough Bitcoin has seen a slight recovery, its 24-hour loss remains at 6.92%.
âĄïžDespite this general decline, Bitcoin dominance increased slightly by 0.54%, reaching 47.82%. The Fear and Greed Index remains at 64, indicating predominantly greedy sentiment in the crypto market.
đGoing against the trend of larger capitalization cryptos, several smaller tokens recorded notable gains. With a remarkable 54% rise in 24 hours, TRVL led, closely followed by a 50% gain for MYRO, showing that profit opportunities remain despite the current climate.
