Will Altcoins Resume Dips or Attempt a Recovery?

Market Update

The altcoin market capitalization has declined to $874.60 billion this past week.

Market sentiment remains neutral, with the Fear & Greed Index holding steady at 43.

Top Cryptocurrencies

Bitcoin (BTC) and Ethereum (ETH) continue to experience volatility, with BTC fluctuating around $58K-$60K and ETH around $2.6K. Altcoins are facing selling pressure and reduced buying interest.

Altcoin Performance

Ethereum (ETH):

• Marked a 23.14% decline over the past month.
• Slight 2.73% increase in the past seven days.
• Currently trading at $2,628, with a 0.88% increase in 24 hours.

Dogwifhat (WIF):

• Bearish momentum with a 17.52% price drop this week.
• Down 44.45% over the past month.
• Current price at $1.37, indicating a 3.06% decline.

Toncoin (TON):

• Declined 5.66% over the past month.
• Gained 13.48% in the past seven days.
• Trading at $6.80, up by 5.73%.

Solana (SOL):

• Experienced a significant dip of 11.67% over the past month.
• Down 0.82% this past week.
• Current price at $143, showing a 0.70% spike.

Other News

• Australia's ASIC has removed 7,300 scam sites in a fraud crackdown.