The post Daily Market Review: BTC, ETH, SOL, NEAR, TIA appeared on BitcoinEthereumNews.com.

The global crypto market has since been on a steady decline following a notable peak of $2.7 trillion in March. Over the past 24 hours now, the valuation of the global crypto market cap has declined by 1% with a current valuation of $2.56 trillion.  This decline comes against the backdrop of major cryptocurrency in the market such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), NEAR and Celestia (TIA) also facing a noticeable dip in their market prices. To dissect how these assets has contributed to the current decline in the overall crypto market, it is worth reviewing their market performance so far. Performance of Major Cryptocurrencies and Technical Outlook: Bitcoin (BTC) Leading the pack on the list comes Bitcoin (BTC), the largest cryptocurrency ever by market capitalization. So far, Bitcoin has dipped by 1.1% in the past 24 hours. It is worth noting that this slight dip recorded today, appears to be a continuation of the pioneering crypto week-long downtrend of nearly 7% which has now brought BTC’s price to fall below $67,000, trading at $66,982, at the time of writing. A technical analysis of the BTC’s chart shows that on the daily time frame, the asset was unable to break though the resistance found at the $71,000 levels and in doing so, it was also unable to break out of the downtrend found on the daily chart. This suggests that the asset may just continue its fall till it at least hits a major support that can cause a rebound.  BTC is approaching 50% of the fib level after testing support on 4H time frame. | Source: BTCUSDT on TradingView Zooming into the chart, on the 4-hour time frame, Bitcoin appears to have tapped into a major order block which might serve as a support, this suggests that…

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Filed under: News - @ June 15, 2024 3:14 am