Why the encryption declined today? Dog, Ship, Bibi is retreating, but bitcoin remains calm star-news.press/wp

Main meals

The encryption market witnessed a sharp decrease of $ 120 billion in the market, leading heavy losses in major mechanics such as Doug, Shayb, and Baby. Bitcoin remained stable near $ 119,000.

The encryption market is located in The Red Today, where it has led the best sales of more than $ 120 billion from the roof of the global market.

From the organizational road barriers in the United States to the uncertainty in the ecosystem of exchange in India, cautious market is dived.

The decline gives the market level of $ 120 billion

As of the time of the press, Total ceiling for the encryption market It decreased from a height of $ 3.92 trillion to a decrease of $ 3.80 trillion in a 24 -hour window, nourishing a sharp decrease of $ 120 billion.

Source: TradingView

While the market showed the recovery signs around the level of $ 3.85 trillion, the total momentum remained fragile.

The volume of the watch increased to 316.96 billion dollars, an increase of 0.58 %, indicating interactive trading behavior instead of fresh flows.

Miminat bleed during Bitcoin sleep

The best mimokins have tasted blood.

Dogecoin (DOGE) decreased by 7.99 %, SHIBA Inu (SHIB) decreased 6.30 %, and Pepe (PEPE) slipped 9.06 % over the past 24 hours.

Source: CoinmarketCap

Meanwhile, Bonk (Bonk) and Floki (Floki) recorded similar losses to more than 9 %, while Dogwifhat (WIF) fell 10.91 %.

With the highlight of the fluctuation in the lower symbols, the sharp decrease from Fartcoin (Fartcoin), which decreased by 17.52 %.

Even Trump’s origins are theme and Mimi like the official Trump (Trump) and SPX6900 (SPX) did not save.

Source: TradingView

Bitcoin (BTC), however, remained relatively stable. At the time of the press, it hovers near $ 119,000, with the daily suburbs index at 60.9; This indicates the neutral momentum. OBV showed any significant height, which enhances a side direction.

BTC’s unification proved that he was not the main driver of the latest fluctuations, as traders instead threw the risk of Meme.

Weigh heavy titles

The decline in the broader market may be affected by a number of factors.

The US Securities and Stock Exchange has postponed its decisions regarding both Truth Social Bitcoin Etf (now scheduled by September 18) and converting Solana Trust for Grayscale (October 10), causing continued uncertainty.

Meanwhile, in India, reports appeared on Coinbase that explores the potential acquisition of CoINDCX after the latter’s evaluation decreased from $ 2.2 billion to less than one billion dollars, after penetrating $ 44 million.

Despite the stability of CoINDCX, the news may have inflated caution at the market level and pressed the sale side.