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The cryptocurrency market fell, with Bitcoin and Ethereum leading the decline. The market is bearish after a period of high volatility and uncertainty.
Because of this, many coins, including Bitcoin (BTC) and Ethereum (ETH), are falling in price. Smaller altcoins like Artificial Superintelligence Alliance (FET), JasmyCoin (JASMY), and Worldcoin (WLD) are also falling, which is making the market slump worse.
Bitcoin and Ethereum Take the Lead in Market Drop
Bitcoin, currently priced at $86,473.95, has fallen by 3.68% in the past 24 hours. With a trading volume of over $120 billion, Bitcoin remains the most influential cryptocurrency. However, despite its market dominance, Bitcoin’s price has dipped along with the broader market trend.
Ethereum is also struggling with its price of $3,143.95 reflecting a drop of 7% in the last 24 hours, with over $54 billion in trading volume. This decline is significant, as Ethereum has been battling its own set of challenges, including regulatory concerns and scalability issues.
Altcoins Fall Sharply
Many altcoins are falling even more than Bitcoin and Ethereum. Artificial Superintelligence Alliance (FET) fell nearly 21% in the last 24 hours to $1.27. For instance, Artificial Superintelligence Alliance (FET) is down nearly 21% in the last 24 hours, now priced at $1.27.
With a trading volume of over $808 million, this steep drop signals investor nervousness about AI-driven tokens in the current market environment. Similarly, JasmyCoin (JASMY) has seen a 16% decrease, now valued at just $0.019274, while its trading volume remains around $263 million. This continued downturn has left many investors questioning the stability of smaller projects.
Read also: Crypto Sell-Off: FTM, Worldcoin, dYdX, Sei, JasmyCoin Prices Plunge
Worldcoin (WLD), another altcoin, is also feeling the pressure, with a 19.97% decline in its value, now standing at $2.19. Its trading volume has been around $1.17 billion, signaling continued investor interest despite the price plunge. The rapid drops in these altcoins reflect growing concerns about the market’s overall direction.
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