Ethereum

Cryptocurrency

Bitcoin

Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/cryptocurrency-prices-plummet-as-market-weakens" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cryptocurrency Prices Plummet as Market Weakens</a><br></p>
<p style="text-align: justify">The cryptocurrency market is currently experiencing a significant downturn, with major currencies like <a href="https://en.bitcoinhaber.net/ripples-xrp-rides-the-wave-as-significant-whale-movements-make-waves" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a>, Ethereum, and <a href="https://en.bitcoinhaber.net/bitcoins-rise-and-behavioral-economics-understanding-investor-psychology" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> all seeing declines. XRP’s value has dipped to $0.51, while Ethereum has fallen to $2,500. Bitcoin is also struggling, recently dropping to $65,637 as it searches for new lows, triggering similar declines in altcoins.</p>
<h2 style="text-align: justify" id="what-are-the-implications-for-altcoins">What Are the Implications for Altcoins?</h2>
<p style="text-align: justify">The continued devaluation of Ethereum against Bitcoin suggests that altcoins may face further challenges. Bitcoin’s increasing market dominance is intensifying pressure on altcoins, as highlighted by expert Benjamin Cowen, who mentioned a potential target for the ETHBTC pair.</p>
<h2 style="text-align: justify" id="how-will-ripple-xrp-be-impacted">How Will Ripple (XRP) Be Impacted?</h2>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/xrp-gains-amid-market-downturn" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple</a>’s CEO, Brad Garlinghouse, publicly endorsed John Deaton in his bid for a U.S. Senate seat from Massachusetts. Deaton’s history as a staunch advocate for XRP could benefit the cryptocurrency community if he wins. This backing emphasizes Ripple’s ongoing commitment to navigating the challenges posed by regulatory scrutiny.</p>
<p style="text-align: justify">– XRP Coin has declined nearly 3%, driven by negative sentiment in the market.<br> – If selling pressure continues, XRP could potentially hit new lows of $0.48 and $0.43.<br> – Conversely, if the market stabilizes, targets could rise to $0.55, $0.58, and $0.64.<br> – The ongoing appeal process related to XRP could continue to hinder its market performance.</p>
<p style="text-align: justify">Current market trends indicate a challenging environment for cryptocurrencies, with ongoing regulatory issues further complicating recovery efforts. The situation calls for careful monitoring as the market navigates these turbulent times.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/cryptocurrency-prices-plummet-as-market-weakens" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cryptocurrency Prices Plummet as Market Weakens</a></h5>

Cryptocurrency Prices Plummet as Market Weakens

Table of Contents

BH NEWS

Other articles published on Oct 23, 2024

Bittensor (TAO) Price Primed for Breakout, Will It Hit a New All-Time High?

3 Altcoins to Keep On Your Radar This Week: WLD, ADA, DOGE

APE Price Rollercoaster: From TOP To WORST Performer In 1 Week

RedStone launches oracle AVS on EigenLayer

Russian Banks Struggle with High Costs to Join Central Bank’s Digital Currency Platform

Binance-backed Solayer Labs Unveils Liquid Restaking Asset on Solana (SOL) Network Dubbed BGSOL I...

Join our free newsletter for daily crypto updates!