Crypto Market Suffers $500B Wipeout in 3-Day Plunge
The cryptocurrency market experienced its largest three-day sell-off in a year, losing $510 billion in market capitalization amid weak US jobs data and recession fears.
The cryptocurrency market experienced its largest three-day sell-off in a year, losing $510 billion in market capitalization amid weak US jobs data and recession fears.
Dogecoin’s price has dropped below $0.10, experiencing a 5% decline in 24 hours, amid a broader cryptocurrency market downturn influenced by Bitcoin’s performance and economic uncertainties.
Major cryptocurrencies including Solana, Bitcoin, Ethereum, and BNB experience significant price drops, with Solana falling 7.8% in 24 hours amidst broader market downturn.
Former President Donald Trump suggests using Bitcoin to pay off the $35 trillion national debt and advocates for U.S. leadership in cryptocurrency, citing its intellectual prowess and growing prominence.
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.
Cardano’s upcoming Chang upgrade aims to enhance its technological superiority, sparking discussions about ADA’s potential to reach $1 amidst ongoing criticism and network achievements.
Ethereum futures open interest hits a 19-month high amidst a 10% price correction, raising questions about market sentiment and future price movements.
XRP’s uptrend encounters resistance at $0.66, with recent price action suggesting a potential short-term trend reversal, while Ripple introduces tokenized Treasuries on the XRP Ledger.
Binance Labs has invested in Particle Network, a modular Cosmos-based layer-1 project aimed at addressing user and liquidity fragmentation across multiple blockchain networks.
Solana has outperformed Ethereum in weekly revenue for the first time, generating $25 million compared to Ethereum’s $21 million, largely due to increased transaction fees and MEV tips fueled by memecoin activity.