The Decline in Crypto Markets Continues: DOGE Becomes the Most Falling Altcoin in the Top 10

While there was an average of 5 percent decrease in the crypto money markets for the last 24 hours, the same recovery was seen in the US trading hours the previous day.

Cryptocurrencies maintained their sideways position within lower volume transactions during Asian trading hours, relatively slowing their depreciation. Dogecoin (DOGE), which has become popular again in the last days among the top 10 crypto assets, was the crypto asset that fell the hardest.

The biggest crypto asset of the market, Bitcoin (BTC), renewed this week's bottom level in yesterday's selling wave. It was noted that the lowest level of the last 6 weeks, seen on the first day of the week, was revised to $ 38,200, and towards the close, the BTC / USD parity decreased to $ 37,700. Bitcoin, which recovered somewhat with the opening of the new day, rose to the level of $ 38,700 with buyer-weighted transactions in the morning.

Ethereum (ETH), the second largest crypto asset, briefly tested $2,760, but in recent sales, the low at the beginning of the week found support at $2,800. In the morning, it was on the upside at $2,870.

Dogecoin (DOGE) among the most depreciating altcoins

After the news about Elon Musk's Twitter purchase, DOGE, which rose by 30 percent to the $0.16 band, saw a sharp correction in the selling course yesterday evening and retreated by 12 percent to the $0.14 range.

Dogecoin (DOGE), with its sharp rise this week, once again made its mark among the top 10 cryptocurrencies months later. Dogecoin, which has a capital value of $ 18.73 billion as of now, is struggling for the top 10 with AVAX, which has a market value of $ 18.67 billion today.

The sharp correction seen in the Dogecoin market is attributed to the fact that the purchases made in line with the expectations came to fruition and the developments regarding Elon Musk's Twitter purchase began to fall off the agenda.

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