Today, several altcoins have reached new all-time lows as the crypto market experiences a sharp decline. Bitcoin’s price dropping below $50,000 has triggered a broader market downturn.
Arbitrum (ARB)
Arbitrum led the decline, hitting a new all-time low of $0.43. The market’s bearish trend could see more altcoins following suit.
Curve DAO Token (CRV)
CRV saw the most significant drop, losing over 18% in the past 24 hours. It failed to break through the $0.307 resistance, instead consolidating above $0.230. The token had set an all-time low of $0.217 in early July but broke it today, hitting $0.190. Market analysts suggest that CRV may have reached its lowest point, with a potential recovery pushing it back above $0.250.
EOS (EOS)
EOS didn’t see as sharp a decline in the last 24 hours but has experienced a 25% drop over the past week. The coin fell to a new all-time low of $0.40, down from its previous low of $0.44. Despite this, EOS is showing signs of recovery, aiming to reclaim the $0.50 level as support, with a potential push towards $0.55.
dYdX (DYDX)
The native token of the dYdX blockchain, DYDX, fell by 11% today. The coin had previously set an all-time low of $1.00 in July but dropped further to $0.86 today. While further declines seem unlikely, reclaiming the $1.16 level could help DYDX recover its losses.
As the market stabilizes, investors are watching for signs of a potential rebound in these altcoins.
