Crypto Markets Tumble: Bitcoin, Ethereum Down Over 5% as Trading Volumes and Prices Plunge
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Bitcoin, Ethereum, and other major cryptocurrencies have fallen over 5% in the past week. The crypto market sentiment is turning bearish.
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Daily cryptocurrency trading volumes have plummeted from $100 billion to $57 billion in about 3 weeks.
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Bitcoin sell signals are forecasting a steep price correction, which could accelerate the market decline.
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Altcoin prices are facing heavy selling pressure, with double-digit losses over the past 24 hours.
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Bitcoin remains below its previous all-time high of $69,138, signaling that a short-term downtrend is likely.