Bitcoin has experienced a decline of 2.6% on Monday, trading at $58,470 as of 10:41 a.m. in Singapore. The broader cryptocurrency market is under pressure as investors prepare for the Federal Reserve’s anticipated first interest rate cut in over four years.
Read MoreShiba Inu [SHIB], the meme-inspired cryptocurrency that gained fame for its playful branding and community-driven hype, has recently experienced a substantial decline in value.
Read MoreIn a significant shift within the U.S. cryptocurrency market, Coinbase has seen a notable decline in its market share. Earlier this year, Coinbase held over 50% of the market, peaking at 55% in March.
Read MoreSince August 1, Cardano (ADA) open interest has experienced a dramatic decline, falling by 63% and reaching its lowest level since January.
Read MoreIn recent weeks, the world’s largest cryptocurrency by market capitalization, Bitcoin, has seen a notable downturn, dropping below the $59,000 mark.
Read MoreEthereum (ETH) has experienced a sharp decline in price, raising concerns about a potential bearish trend. The cryptocurrency, which has been a major player in the blockchain space, has seen its value drop below key support levels.
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