Macro Ticker
27 weeks ago

Crypto, Currently: June 18, 2024 - Cryptocurrency Market Faces Significant Downturn

Daily update from the crypto market.

Bitcoin Slips Slightly

Bitcoin (BTC) continues its recent downtrend, with its price decreasing by 0.72% over the last 24 hours to $65,702.10. The leading cryptocurrency has seen a 2.74% drop over the past week. Despite a substantial 24-hour trading volume of $36,106,487,597, Bitcoin's market cap stands at $1,295,243,980,217, reflecting ongoing investor caution amid market volatility.

Ethereum Faces Steeper Decline

Ethereum (ETH) experienced a sharper fall, dropping 2.88% in the past 24 hours to $3,443.72. This decline extends Ethereum's weekly loss to 2.61%. The cryptocurrency’s trading volume reached $20,048,569,931, with a market cap of $421,088,229,207. Despite this dip, Ethereum has shown a 10.49% increase over the past 30 days, indicating longer-term resilience.

Solana Experiences Significant Drop

Solana (SOL) saw a significant price decrease, falling 5.37% in the last 24 hours to $138.25. This marks a 10.30% drop over the past week, contributing to a 20.19% decline over the past 30 days. With a 24-hour trading volume of $3,537,017,628 and a market cap of $63,841,656,743, Solana faces substantial bearish pressure.

Immutable Declines Sharply

Immutable (IMX) experienced one of the largest declines among major cryptocurrencies, dropping 7.66% in the past 24 hours to $1.48. The cryptocurrency has plummeted by 22.84% over the past week and a significant 39.14% over the past month. Immutable’s 24-hour trading volume reached $87,618,685, with a market cap of $2,230,522,909, reflecting severe investor retreat.

Maker Suffers Significant Losses

Maker (MKR) also faced a steep decline, falling 6.49% in the last 24 hours to $2,215.68. Over the past week, Maker has dropped 4.26%, and it has seen a substantial 22.17% decrease over the past 30 days. The trading volume for Maker reached $81,364,396, with a market cap of $2,057,627,657, indicating strong bearish sentiment.

Conclusion

The cryptocurrency market is facing a significant downturn, with major coins experiencing notable declines. Bitcoin and Ethereum, the two largest cryptocurrencies, continue to struggle amid market volatility. Solana, Immutable, and Maker have seen even sharper declines, reflecting broader investor concerns and market instability. As the market remains highly volatile, investors should stay informed and cautious, monitoring economic indicators and market trends closely for potential opportunities and risks.

Disclaimer

The information provided by this Site is for general informational purposes only. All information on the Site is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the Site.

More News

27 weeks ago Analysis: New Debate Rules Favor Biden New rules announced for the June 27th debate between Joe Biden and Donald Trump serves the President well.
27 weeks ago StanChart Becomes Among the First Global Banks to Launch Spot Crypto Trading StanChart breaks new ground by launching spot trading for Bitcoin and Ether, leading the charge among global banks in the cryptocurrency space.
27 weeks ago Crypto, Currently: June 21, 2024 - Market Bears Down on Major Cryptos Daily update on the five cryptocurrencies, we consider the most interesting right now.
27 weeks ago FX Daily: June 21, 2024 – Forex Market Update Daily update from the foreign exchange markets.
27 weeks ago Amazon Plans To Make Largest Reduction of Plastic Packaging in North America To Date Amazon's response to mounting criticism over its plastic waste with a new reduction plan.
27 weeks ago Ex-OpenAI Chief Scientist Ilya Sutskever Launches New Company Amid Criticism of ChatGPT Parent's Board Appointments Ilya Sutskever, former chief scientist at OpenAI, has co-founded a new company, Safe Superintelligence Inc., amidst ongoing scrutiny of OpenAI’s recent board appointments.
27 weeks ago FX Daily: June 20, 2024 - Mixed Movements in Global Currency Markets Daily update from the foreign exchange markets.