Major Cryptocurrencies Experience Significant Declines: Bitcoin and Ether Down 8% and 5%

Major Cryptocurrencies Experience Significant Losses

Bitcoin and Ether have both seen a significant decrease in value over the past 24 hours, with Bitcoin down 8% and Ether down 5%. This marks one of the worst weeks for these cryptocurrencies this year, with losses of over 11% and 9% respectively. The overall crypto market has also seen a decline in total capitalization, dropping by $110 billion to just above $1 trillion. Several factors have contributed to this crash, including high US bond yields, a pullback in US stocks, and the breaking of major support levels for Bitcoin and Ether.

Best-Performing Low Cap Coins

Tele (TELE): The token for a web3 protocol that allows users to send crypto with their phone numbers. It has seen a massive increase of over 24,000% in the past 24 hours, with a market cap of $2.5 million.
Shib Bonk (SBONK): A newly launched shitcoin that has reached all-time highs and has a market cap of $280,000. It has seen trading volumes of around $590,000.
XRP HarryPotterObamaPacMan9Inu (XRP): A recently launched shitcoin that has reached fresh all-time highs and is up around 70% in the past 24 hours. It has a market cap of $65 million and over 2,600 holders.

Consider Investing in Crypto Presales

For crypto investors looking for high-risk-high-reward opportunities, participating in crypto presales can be a strategy to consider. These presales involve buying tokens of up-start crypto projects to fund their development. These tokens are often sold cheaply and have the potential for exponential gains. It is important to research and identify projects with strong teams and visions for a revolutionary crypto application/platform.

Hot Take

The recent decline in major cryptocurrencies and the surge in low cap coins highlight the volatility of the crypto market. As an investor, it is crucial to stay informed and consider different investment strategies to navigate this ever-changing landscape. While there are risks involved, opportunities for significant gains can also arise, especially in presales of promising crypto projects.