Ethereum

ScapesMania

Millions

Bitcoin

Million

<p>The cryptocurrency markets experienced notable price fluctuations over the past 24 hours, with leading assets like Bitcoin and Ethereum seeing decreases. According to CoinMarketCap <a href="https://coinmarketcap.com/" target="_blank" rel="noopener noreferrer nofollow">data</a>, the total crypto market capitalization currently stands at $1.96 trillion, down 0.89% daily.</p>
<p>Bitcoin’s price dropped 1.62% to $51,206 during this period. As the most prominent digital currency, Bitcoin often sets the tone for overall market sentiment.</p>
<p>Other altcoins has also witnessed single digit price loss in the last 24 hours. Bitcoin seems to have cooled down its rally, while Ethereum dropped after regaining the $3,000 level.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="109" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-773-1024x109.png" alt="" class="wp-image-441503" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-773-1024x109.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-773-300x32.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-773-759x81.png 759w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-773-1536x164.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-773-2048x218.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-773-1406x150.png 1406w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-773-100x11.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-773-788x84.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-773.png 628w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Likewise, second-ranked cryptocurrency Ethereum retreated modestly by 0.17% to trade at $2,913. This capped a week of rangebound action for ETH around the key $3,000 support level.</p>
<h2 class="wp-block-heading" id="investors-managing-positions">Investors managing positions</h2>
<p>Multiple factors appear to be responsible for the recent crypto retracement. Investors and traders managing positions amidst inherent volatility in the nascent asset class remain one driver. Additionally, anticipation surrounding the upcoming Nvidia earnings report seems to be impacting valuations.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>As a leading technology hardware manufacturer, Nvidia’s quarterly results will provide clues around <a class="wpil_keyword_link" href="https://captainaltcoin.com/best-ai-crypto-projects/" title="AI" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">AI</a> chip demand. This connects with the recent explosion of interest in AI-driven cryptocurrencies since the recent OpenAI video chatbot launch. So crypto markets may see sensitivity to tech sector developments ahead of Nvidia’s financial disclosures.</p>
<p>Overall, today’s downturns underscore the complex array of variables now influencing digital tokens. Sentiment and risk appetite fluctuate dynamically across investor types. Macroeconomic conditions and traditional tech sector performance also correlate more closely with crypto as adoption advances.</p>
<p>Bitcoin and Ethereum serve as bellwethers for these complex forces colliding. Their stability near recent support levels, along with the ability to recover losses, will indicate whether bearish convictions persist on the margins. But as always with decentralized assets, surprises abound on both the upside and downside.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/ethereum-will-likely-outrun-bitcoin-btc-this-week-analyst-forecasts-next-leg-up-for-eth/" target="_blank" rel="noopener noreferrer nofollow">‘Ethereum Will Likely Outrun Bitcoin (BTC) This Week’, Analyst Forecasts Next Leg Up for ETH</a></li>
 <li><a href="https://captainaltcoin.com/japans-jasmycoin-price-soars-amid-whale-movements-can-jasmy-hit-new-ath-pay-attention-to-this-metric/" target="_blank" rel="noopener noreferrer nofollow">Japan’s Jasmycoin Price Soars Amid Whale Movements: Can JASMY Hit New ATH? Pay Attention To This Metric</a></li>
 <li><a href="https://captainaltcoin.com/blockdags-2-million-giveaway-and-5000x-rois-pull-in-investors-from-scapesmania-and-solana/" target="_blank" rel="noopener noreferrer nofollow">BlockDAG’s $2 Million Giveaway and 5000x ROIs Pull in Investors from ScapesMania and Solana</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/why-is-the-crypto-market-down-today-20/" rel="noopener noreferrer nofollow">Why Is The Crypto Market Down Today?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why Is The Crypto Market Down Today?

Table of Contents

CaptainAltcoin

Другие статьи, опубликованные 21 февр. 2024 г.

Shiba Inu (SHIB) Investors Embrace New SHIB for 1000% growth

Expanding Cryptocurrency Ecosystem Intensifies Competition

Dogecoin’s Price Fluctuations and Market Impact

India’s AI Market Set to Reach $17 Billion CAGR by 2027

Aether Games IDO Specially for ChainGPT Pad's Diamond Tier: Led by Industry Titans to Forge the F...

Hong Kong advances legislation on stablecoins and crypto trading

Join our free newsletter for daily crypto updates!