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The broader crypto market is experiencing profit-taking, with major assets facing downward pressure. Bitcoin and Ethereum saw declines, while several altcoins faced significant losses. Liquidations in leveraged positions intensified the selling pressure, reflecting increased market volatility.were not immune to the bearish market trend. At the time of writing, SHIB was down 7% in the last 24 hours to $0.00002469.
A Bitcoin -led crypto market correction entered its third day, with Bitcoin losing another 6% in the last 24 hours, dipping below $94,000 a week after it briefly approached the $100,000 barrier.Bitcoin has suffered its longest losing streak in weeks, with a failed run at $100,000 cooling a speculative frenzy generated by market optimism.
The overall crypto market, which has increased by $1 trillion since Nov. 5, has also declined, with numerous crypto assets losing 5% to 18% of their value. Cryptocurrencies including Solana, Dogecoin, Cardano and SAND have lost between 9% and 18% in the last 24 hours.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends.
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