Global #price drop

Following a strong week with a 17.12% price surge, Near Protocol (NEAR) is experiencing a loss of momentum.

A recent sharp decline in Bitcoin (BTC) has led to a significant liquidation event, wiping out over $1.1 billion in long and short positions within 24 hours.

Justin Bennett, a renowned cryptocurrency analyst, has recently raised concerns about Ethereum's potential price decline. According to his analysis, Ethereum may be forming a diamond reversal pattern, a technical chart pattern that often signals a reversal in trend.

On October 9, 2024, the meme cryptocurrency market is experiencing significant downturns, with nearly all coins in the top 100 losing value. Notably, Popcat (POPCAT) and Dogwifhat (WIF) have emerged as some of the worst performers today, reflecting a broader trend of market disinterest.

XRP has seen a significant downturn, dropping below $0.54 as the U.S. Securities and Exchange Commission (SEC) intensifies its legal battle against Ripple.

In the past 24 hours, the cryptocurrency market has experienced a notable downturn, with the total market capitalization falling by 2.36%, from $2.11 trillion to $2.05 trillion.