Bitcoin and Ether Experience Significant Declines in Asian Trading Hours
Bitcoin and Ether experienced significant declines in Asian trading hours on Tuesday due to profit-taking and outflows from US-listed Bitcoin ETFs, which impacted bullish sentiment. Dogecoin and Solana's SOL led the losses, with both tokens losing as much as 9% in the past 24 hours. The CoinDesk 20 index, a liquid index of the largest tokens, minus stablecoins, is down 4.2%. Analysts warn of generally bearish sentiment, with a loss of nearly 1.5% since the start of the day on Monday making them wary of the near-term performance of altcoins.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Has Altcoin Season Started With FED Heat? Legendary Analyst Answers
Cryptocurrency analyst il Capo answered the question of whether the altcoin season has started in his statement.
How Much Will Bitcoin Price Be If Trump Wins, How Much If Harris Wins? Standard Chartered Announces Big Bull Forecast
At what price level will Bitcoin, the world's largest cryptocurrency, be after the US elections? Here are analysts' opinions.
Vitalik Buterin’s Wallet is Active Again: Detected in Onchain Data
Another movement was detected in the cryptocurrency wallets of Ethereum founder Vitalik Buterin. Here are the details.
BREAKING: End of an Era – Terraform Labs Approved For Bankruptcy After Settling With SEC