Latest Insights: Bitcoin experiences ongoing decline

The bearish phase of the market continues, with Bitcoin and Ether prices showing sustained declines. Investors find themselves in a volatile environment, necessitating caution as market fluctuations persist.

Bitcoin has struggled to maintain stability, dipping below the $30,000 threshold yet again. This marks a concerning trend, as it's the first time in history that BTC has faced eight consecutive weeks of declines. In the past 24 hours alone, its value has dropped by 3.83%, based on reports from CoinMarketCap at this moment. Meanwhile, Ether has suffered a sharper drop of 5%, placing it at a precarious position, along with BNB and XRP reflecting similar reductions of 2.42% and 4.44%, respectively. $1,979.80 Fantom, which recently saw a notable spike of 16%, has today taken a dive of 13.83%, highlighting just how tumultuous the market has become.

That said, there are glimpses of positive trends amidst the chaos. Following the disastrous performance of TerraUSD (UST) earlier this month, it's now witnessing the most significant rebound of 10.68%. However, its price of $0.08 still leaves it far from reclaiming its prior levels. On a more stable note, Tether and USDC are faring better, both hovering around the $1 mark.

Latest Insights: Prices drop further, Terra faces another setback crash Latest Insights: Cryptocurrency volatility persists

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