Major Changes Impact Top 100 Cryptocurrencies
Market Decline: U.S. markets have opened with a decline, causing Bitcoin prices to drop below $103,000, while many altcoins are experiencing significant downturns, with 72 out of the top 100 cryptocurrencies trading at least 50% below their peak prices.
Investor Sentiment: South Korean investors are distancing themselves from cryptocurrencies due to disappointing returns, and the overall market sentiment remains bearish as investors await a potential bull market.
Top Performers and Strugglers: LEO is currently the best-performing cryptocurrency, surpassing Bitcoin, while others like FIL, ICP, and GRT are struggling, with ICP's potential for recovery diminishing.
Market Activity: Bitcoin is nearing another drop below $102,000, with recent liquidations of long positions and a dominance of short positions indicating a potential for further declines, influenced by upcoming statements from Trump regarding technology and crypto sectors.
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