Today’s activity in the cryptocurrency market has created anxiety among investors. Bitcoin (BTC) $95,362.8While Ethereum (ETH) dropped to the level of 96 thousand dollars 
$3,370.5Major cryptocurrencies such as , Solana (SOL) and XRP also entered a downward trend. In contrast, Bitget’s BGB token has made significant gains despite adverse market conditions.
Global Market Value and Volume in Decline
In the last 24 hours, the global cryptocurrency market value decreased by approximately 2.5% to $3.34 trillion. A 5% increase in market volume was recorded at a level of 123.46 billion dollars. This reveals that market volatility is increasing and affecting investors’ decision-making processes.
Although Bitcoin maintained its leadership with a market dominance of 57.05%, the decline in its price became a source of concern for investors. The price of Ethereum also decreased by 2%. Similarly, leading altcoins such as Solana and XRP also lost value. However, Bitget token (BGB) gained value, decoupling from the general decline.
Market Volatility and Long-Term Expectations
These fluctuations in the price of Bitcoin and other cryptocurrencies are shaped by expectations for the interest rate decisions of the US Federal Reserve (FED). Experts state that the FED’s strict stance on interest rate cuts puts pressure on the market. Despite this, KULR Technology Group’s purchase of $ 21 million worth of Bitcoin is considered a positive sign for the future of the leading cryptocurrency.
On the other hand, some analysts warn that the Bitcoin price may drop to 80 thousand dollars. Investors are turning to reliable information sources amid uncertainties about the future of the market. Showing small gains on an hourly basis, Bitcoin and Ethereum keep investors’ hopes alive by giving signs of recovery.
This fluctuation in the cryptocurrency market once again brings the risks of short-term transactions to the agenda. While investors feel the need to strengthen their risk management strategies, they follow the dynamics of the market more closely.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
