Global #decline

Bitcoin has experienced a decline of 2.6% on Monday, trading at $58,470 as of 10:41 a.m. in Singapore. The broader cryptocurrency market is under pressure as investors prepare for the Federal Reserve’s anticipated first interest rate cut in over four years.

Shiba Inu [SHIB], the meme-inspired cryptocurrency that gained fame for its playful branding and community-driven hype, has recently experienced a substantial decline in value.

In a significant shift within the U.S. cryptocurrency market, Coinbase has seen a notable decline in its market share. Earlier this year, Coinbase held over 50% of the market, peaking at 55% in March.

Since August 1, Cardano (ADA) open interest has experienced a dramatic decline, falling by 63% and reaching its lowest level since January.

In recent weeks, the world’s largest cryptocurrency by market capitalization, Bitcoin, has seen a notable downturn, dropping below the $59,000 mark.

Ethereum (ETH) has experienced a sharp decline in price, raising concerns about a potential bearish trend. The cryptocurrency, which has been a major player in the blockchain space, has seen its value drop below key support levels.

The Toncoin token (TON), associated with Telegram Messenger LLP, has experienced a dramatic market value decline, losing a staggering $2.7 billion.

The price of PEPE, currently trading at $0.00000785, is facing mounting challenges as it teeters on the brink of potential stagnation.

Dogwifhat (WIF) has experienced a notable decline in price over recent days, nearly undoing the gains made by the meme coin. Mixed investor sentiment and broader market uncertainty are contributing to this downward trend.

Bitcoin (BTC) has recently entered a short-term bearish phase, falling below the $60,000 mark and dropping beneath $59,500 and $58,000. After hitting a low of $57,690, the cryptocurrency has begun a modest recovery.

Japan's Nikkei 225 index experienced a dramatic decline of nearly 14% on Monday, reflecting investor anxiety over the state of the US economy. This sharp drop follows a 5.8% decrease on Friday, marking one of the index's most severe two-day losses in history.

The cryptocurrency market witnessed a significant downturn as Bitcoin, the leading digital currency, dropped below the $53,000 mark. This decline reflects broader uncertainties in global financial markets and highlights ongoing volatility in the crypto sector.