news 
Crypto market at noon: Bitcoin and altcoins in a downward trend
As of today’s current market conditions, it is evident that the crypto market is experiencing a downward trend. Both Bitcoin and numerous altcoins are recording losses, reflecting the uncertainty and volatility currently dominating the cryptocurrency space.
The Bitcoin price, considered the leading currency of the crypto market, has fallen by 1.07 percent at midday and now stands at $81,717.22. This marks a decline from its previous day’s closing value of $82,599.05, highlighting the extreme short-term nature of this market. This sudden change in market sentiment serves as a stark reminder that even the most well-established cryptocurrencies can be heavily influenced by external factors.
Bitcoin Cash, one of the more prominent Bitcoin forks, has also been affected and suffered a decline of 2.92 percent to $294.20, down from its previous day’s close at $303.06. This downward movement underscores the widespread uncertainty currently affecting many cryptocurrencies.
Ethereum, the second-largest cryptocurrency by market capitalization, witnessed an even more substantial decline of 4.04 percent and now trades at $1,596.30. This drop may be attributed to profit-taking following Ethereum’s recent price increases in recent weeks.
Litecoin fell 3.00 percent to $73.71, which could have been influenced by the overall market weakness as well as a lack of fresh positive news.
Ripple lost 2.32 percent and is now trading at $0.001. Even established cryptocurrencies are not immune
Source: https://thebitcoinnews.com/crypto-market-at-noon-bitcoin-and-altcoins-in-a-downward-trend/
