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Bitcoin: Bitcoin's price is currently around $61,150. There are concerns about a potential bearish trend as it forms a double-top pattern, with possible support levels at $60,000 and $58,874. If it breaks these levels, it might fall further to around $50,982 (BeInCrypto) (CoinDesk).
Arbitrum: The price of Arbitrum (ARB) is also facing a decline, forming a head and shoulders pattern. It has dropped over 60% since March, currently at $0.799. Analysts predict it might reach new lows but could recover if it manages to breach $0.929 (BeInCrypto).
NFTs: The NFT market is experiencing a significant downturn, with trading volumes dropping from $38.8 million to $7.9 million in the past three months, marking an 81% decline. This is attributed to a lack of innovation and rising interest in alternative investments like AI tokens 0 reply
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