5 Altcoins Including Bitcoin (BTC) Face Unrelenting Selling Pressure: A Deep Dive into Crypto Market Trends

  • Bitcoin’s (BTC) recent fall to $61,000 has significantly impacted the altcoin market, leading to substantial losses for several projects.
  • As the primary cryptocurrency continues to struggle, investors are rapidly exiting altcoins, resulting in sharp declines.
  • Over the past 24 hours, several altcoins have experienced significant outflows.

As Bitcoin’s (BTC) price falls to $61,000, the altcoin market takes a hit, with several projects experiencing substantial losses. This article explores the altcoins that have been most affected over the past 24 hours.

1- Dogwifhat (WIF)

WIF, a popular memecoin within the Solana ecosystem, has lost 14% of its value in the last 24 hours. This significant drop has naturally disappointed investors and memecoin enthusiasts. If WIF fails to recover quickly, the risks could increase.

2- Mina (MINA)

MINA, which has been unable to deliver the expected performance, caused panic with a 13% loss in the last 24 hours. MINA, which has had a weak upward trend, was among the first to move in a downward direction. If BTC fails to recover, the selling pressure on MINA is likely to increase.

3- Worldcoin (WLD)

One of the first names that come to mind when artificial intelligence is mentioned, WLD, experienced a 10.80% drop in the last 24 hours. Despite the ongoing artificial intelligence frenzy, the pullback in BTC has shaken WLD. The future price movements of WLD, which is third on the list, are eagerly awaited.

4- Fetch.ai (FET)

Another name in the artificial intelligence category, FET, lost 10% of its value in the last 24 hours. FET, which had a good rise in recent days, lost its momentum with this drop. The anxious wait of FET investors continues.

5- SingularityNET (AGIX)

AGIX, which managed to stand out in the artificial intelligence frenzy, recorded a 9.50% drop in the last 24 hours. AGIX, which is fifth on the list, gave negative signals both for its investor community and the artificial intelligence trend.

Conclusion

As Bitcoin continues to struggle, the altcoin market is feeling the impact. Several altcoins, including WIF, MINA, WLD, FET, and AGIX, have experienced significant losses over the past 24 hours. Investors should conduct their own research before making any investment decisions.

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Jocelyn Blake
Jocelyn Blakehttps://en.coinotag.com/
Jocelyn Blake is a 29-year-old writer with a particular interest in NFTs (Non-Fungible Tokens). With a love for exploring the latest trends in the cryptocurrency space, Jocelyn provides valuable insights on the world of NFTs.
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