Cryptocurrency Market Sees Decline as Bitcoin Fails to Push Past $24K
source from trading views
Hello Steemians in the Steem-Alliance!
The cryptocurrency market has once again seen a decline in the past 24 hour, with Bitcoin unable to push past the $24K mark. The total cryptocurrency market capitalization has lost around $15 billion, with major cryptocurrencies such as Ethereum also experiencing slight declines.
Despite this, it remain to be seen whether this development suggest that the bull are running out of steam or if they are simply preparing for another leg up. The increased volatility has also led to around $60 million worth of liquidated positions in the past 24 hours, according to data from Coinglass.
Altcoins have also been unable to progress, with all of the major altcoins trading in the red. MATIC and SHIB are the worst performers from the biggest coins by market
capitalization, while Terra Luna Classic (LUNC) and Mina Protocol (MINA) are the best performers from the top 100 coins.
It's important to note that the overall sentiment seems to have improved in the past 24 hours, up 1 point to 51 and currently standing at neutral.
In light of these developments, it's interesting to see how the market will shape up in the coming days, especially as we enter into March, a historically bearish month based on median performance.
As always, it's important for investors to stay informed and keep up with the latest market updates in order to make informed decisions. Whether you're a seasoned investor or just getting started, it's important to stay up-to-date on the latest trends and developments in the cryptocurrency market.
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