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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/cryptocurrency-prices-decline-as-market-sentiment-worsens/" data-wpel-link="internal">Cryptocurrency Prices Decline as Market Sentiment Worsens</a> 
XRP Coin price has decreased to $0.51, while Ethereum (ETH) dropped to $2,500. Bitcoin (BTC) is searching for new lows, recently falling to $65,637, which has caused a decline in altcoins as expected. The ongoing drop in the ETHBTC pair further indicates a troubling situation for altcoins. 
<h2 style="text-align: justify" id="target-for-ethbtc-chart">Target for ETHBTC Chart</h2> 
Ethereum continues to lose value against Bitcoin. This ongoing loss for the largest <a href="https://en.coin-turk.com/analysts-predict-upcoming-altcoin-rallies-following-bitcoins-price-movements/" data-wpel-link="internal">altcoin</a> by market capitalization implies further declines for altcoins. With Bitcoin’s market dominance increasing, the pressure on altcoins is intensifying. Benjamin Cowen has once again highlighted the previously stated target for ETHBTC. 
<blockquote> 
 “ETH/BTC just reached the previous low. If 0.038 fails, 0.036 will likely be the next stop. Structurally, we will witness the lowest point by the second week of January.” 
 If 0.038 fails, the next possible target will be 0.036, the highest level of 2016. As I have been saying for three years, the lowest point of this cycle will likely be between 0.03 and 0.04.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-399900 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/ethbtc-dip-hedefi.jpg" alt="" width="2450" height="1604"> 
<h2 style="text-align: justify" id="ripple-xrp">Ripple (XRP)</h2> 
Ripple CEO Brad Garlinghouse announced his support for John Deaton in the campaign for a U.S. Senate seat from Massachusetts. While supporting Ripple’s former executive Harris, the current management largely remains neutral. Deaton has been a leading advocate for XRP Coin and <a href="https://en.coin-turk.com/crypto-trader-returns-25-million-after-attack/" data-wpel-link="internal">cryptocurrency</a> for years. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-399901 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/deaton-ripple-destek.png" alt="" width="662" height="513"> 
If elected, Deaton’s strong stance against the ongoing battle against cryptocurrencies, especially regarding the XRP Coin case, could represent a significant win for the <a href="https://en.coin-turk.com/blackrocks-investments-in-crypto-mining-companies/" data-wpel-link="internal">crypto</a> community. For this reason, Garlinghouse expressed his “enthusiastic and heartfelt” support for Deaton in his announcement. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-399902 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-23_20-41-36.png" alt="" width="1814" height="836"> 
XRP Coin continues its day with a nearly 3% decline. This drop is related to the overall negative market sentiment. If selling pressure accelerates, we could see new lows at $0.48 and subsequently $0.43, below the support level of $0.50. 
In the opposite scenario, classic targets remain at $0.55 and $0.58, followed by $0.64. The ongoing appeal process in the case continues to hinder positive differentiation, and this issue will persist in the medium term. 
The post <a href="https://en.coin-turk.com/cryptocurrency-prices-decline-as-market-sentiment-worsens/" data-wpel-link="internal">Cryptocurrency Prices Decline as Market Sentiment Worsens</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Cryptocurrency Prices Decline as Market Sentiment Worsens

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