Bitcoin’s (BTC) price halts the decline and hovers around $61,000 at the time of writing on Thursday, after erasing recent gains and losing around 4.5% in the last seven days time frame.
Shiba Inu and PEPE hold recent gains as Bitcoin hovers around $61,000 Bitcoin ’s price halts the decline and hovers around $61,000 at the time of writing on Thursday, after erasing recent gains and losing around 4.5% in the last seven days time frame. Over the same period, Shiba Inu and Pepe have held onto their gains, while Dogecoin , the top meme coin by market capitalization, has lost around 3.2%.
It is currently trading near key support, and a sustained close beneath this level could indicate further declines. On-chain data further supports the bearish thesis as BNB’s long-to-short ratio is below one, and Total Value Locked is falling, suggesting a potential price decline in the coming days. The crypto market is still falling, but Bitcoin has already stabilised The crypto market lost another 1.44% of its capitalisation in 24 hours to $2.13 trillion.
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