Bitcoin (BTC): Its price ranges between $104,279 and $105,116, with a rise of 2.6% over the past 24 hours.
Ethereum (ETH): Its price is around $2,473, up by 2.67%.
Tether (USDT): stable at $1.0006.
Ripple (XRP): trading at a price of $2.166, with an increase of 3.15%.
📉 Reasons for Market Decline
Cryptocurrencies have witnessed a significant decline in recent days, attributed to several factors:
Profit-taking: After previous rises, investors sold some assets to realize profits, leading to a decrease in prices.
Geopolitical tensions: The trade tensions between the United States and China have negatively impacted the markets, including the cryptocurrency market.
Negative economic data: The release of data indicating a slowdown in the U.S. labor market has raised concerns among investors about the economy, prompting them to steer clear of high-risk assets.
Political disputes: The disagreement between Donald Trump and Elon Musk has affected meme coins, increasing market volatility.
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#GT# #BTC# #XRP# #ETH# #DOGE# 📊💯🎯💸🚀🚨🌐🔮🪙💰
💰 Main cryptocurrency prices
Bitcoin (BTC): Its price ranges between $104,279 and $105,116, with a rise of 2.6% over the past 24 hours.
Ethereum (ETH): Its price is around $2,473, up by 2.67%.
Tether (USDT): stable at $1.0006.
Ripple (XRP): trading at a price of $2.166, with an increase of 3.15%.
📉 Reasons for Market Decline
Cryptocurrencies have witnessed a significant decline in recent days, attributed to several factors:
Profit-taking: After previous rises, investors sold some assets to realize profits, leading to a decrease in prices.
Geopolitical tensions: The trade tensions between the United States and China have negatively impacted the markets, including the cryptocurrency market.
Negative economic data: The release of data indicating a slowdown in the U.S. labor market has raised concerns among investors about the economy, prompting them to steer clear of high-risk assets.
Political disputes: The disagreement between Donald Trump and Elon Musk has affected meme coins, increasing market volatility.