Crypto Crash: Altcoin Market Teeters on the Brink as Saturday Brings Shock for Investors

Saturday morning saw crypto investors face a massive shock. The 15-minute candles in the early hours were indeed alarming. The sales, appearing to be triggered by SEC pressure, were highly organized, dealing a hefty blow to the cumulative value. Now, the altcoin market is clinging to the edge of a precipice. Cryptocurrencies Plummet The bearish trend that has been putting pressure on cryptocurrency prices for the past eight weeks forced the cumulative value down to $1.06 trillion, a two-month low, with a 2.4% drop between June 4 and June 11. This time, the drop in cumulative value wasn’t significantly influenced by Bitcoin. While altcoins were being crushed, the king of cryptocurrencies managed to gain 0.8% over the seven-day period. The negative pressure came from a handful of altcoins, including BNB, Cardano, Solana, Polygon, and Polkadot, which showed a decline of more than 15%. Take note that the downward trend, which […] The post Crypto Crash: Altcoin Market Teeters on the Brink as Saturday Brings Shock for Investors appeared first on COINTURK NEWS.