Arbitrum

The Sandbox

Lido DAO

Bitcoin

Shiba Inu

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-market-faces-selling-pressure-as-bitcoin-declines/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Crypto Market Faces Selling Pressure as Bitcoin Declines</a><br></p>
<p style="text-align: justify">The <a href="https://en.coin-turk.com/the-hidden-cost-of-ignoring-cryptocurrency-missed-opportunities-and-economic-impact/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency market</a> encountered selling pressure today following recent price increases. Bitcoin (BTC) has dropped to the $93,000 level, while Ethereum (ETH) and XRP gained between 3% and 4%. In contrast, Solana (SOL) caught attention with a 5% decline.</p>
<h2 style="text-align: justify" id="lido-dao-and-arbitrum-gain-momentum">Lido DAO and Arbitrum Gain Momentum</h2>
<p style="text-align: justify">In the last 24 hours, Lido DAO (LDO) and Arbitrum (ARB) saw increases of 15% and 10%, respectively, reflecting positive movements within the market. However, the global cryptocurrency market capitalization fell by 2%, settling at $3.27 trillion. A 22% rise in trading volume indicates a surge in trading activity.</p>
<p style="text-align: justify">During this period, Ethereum ETFs experienced a $283,000 influx, while Bitcoin ETFs recorded an outflow of $684 million. This trend suggests that investors are reassessing their strategies. The growing institutional interest in Ethereum stands out as a positive development for the sector.</p>
<h2 style="text-align: justify" id="solana-declines-while-meme-coins-suffer-losses">Solana Declines While Meme Coins Suffer Losses</h2>
<p style="text-align: justify">Solana was among the top losers of the day with a 5% drop. Moreover, the live streaming feature of Solana’s <a href="https://en.coin-turk.com/shiba-inus-market-dynamics-and-price-forecast/" data-wpel-link="internal" rel="noopener noreferrer nofollow">memecoin</a> launchpad Pump Fun was halted due to misuse, impacting user trust in the project.</p>
<p style="text-align: justify">Meme coins like Dogecoin and <a href="https://en.coin-turk.com/shiba-inus-trading-value-surges-amid-high-whale-activity/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Shiba</a> Inu also faced declines. However, the rise of Lido DAO and Arbitrum has broadened the diversity and interest in various projects. In contrast, The Sandbox and Decentraland experienced significant downturns, presenting different risks to investors.</p>
<p style="text-align: justify">Fluctuations in the cryptocurrency market continue to present both opportunities and risks for investors. Monitoring market movements is crucial for making strategic decisions. Investors are closely tracking developments to better understand market dynamics.</p>
<p>The post <a href="https://en.coin-turk.com/crypto-market-faces-selling-pressure-as-bitcoin-declines/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Crypto Market Faces Selling Pressure as Bitcoin Declines</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Crypto Market Faces Selling Pressure as Bitcoin Declines

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