Bitcoin and the broader cryptocurrency market experienced a significant downturn on Sunday, with BTC dropping below $59,000 and the total crypto market value declining by 3.18%. The dip triggered substantial liquidations in the derivatives market, totaling $132.49 million.
Ripple has begun testing its new stablecoin, Ripple USD (RLUSD), on the Ethereum mainnet and XRP Ledger, aiming to enter the growing stablecoin market pending regulatory approval.
The Ronin Network has successfully recovered $10 million worth of Ethereum stolen in a recent security breach, with USDC expected to be returned soon, highlighting the ongoing challenges and responses to crypto security issues.
Major cryptocurrencies including Solana, Bitcoin, Ethereum, and BNB experience significant price drops, with Solana falling 7.8% in 24 hours amidst broader market downturn.
Bitcoin and Ethereum experienced significant drops, with BTC falling below $50,000 and ETH seeing its worst single-day decline since May 2021, amid global economic concerns and Middle East tensions.
Ethereum futures open interest hits a 19-month high amidst a 10% price correction, raising questions about market sentiment and future price movements.
A joint report from Coinbase and Glassnode indicates a surge in Ethereum network activity and overall crypto market health despite price consolidation in Q2 2024.
Ethereum’s price dropped 8% to $3,150 following its spot ETF launch, causing $97.8 million in liquidations and outpacing Bitcoin’s $80.9 million in the last 24 hours.
The SEC has approved multiple Ethereum spot ETFs, allowing traditional market investors to gain exposure to the world’s second-largest cryptocurrency, marking a significant milestone in the crypto investment landscape.
Ethereum’s price reaches $3,331 amid expectations of spot ETH ETF approvals this week, with analysts predicting significant market impact and potential new all-time highs.
