
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 other cryptocurrencies tumbled as geopolitical risks escalated following the Federal Reserve meeting, with BTC falling below $65,000 amid reports of potential Iranian retaliation against Israel.
The Bank of Japan increased interest rates to 0.25%, marking its second hike since 2007, while markets await the Federal Reserve’s decision expected to maintain current rates.
Elon Musk’s recent comments about his affinity for Dogecoin have rekindled speculation about the meme cryptocurrency’s potential to reach $1, despite his cautious approach to crypto promotion.
At the Bitcoin 2024 conference, Donald Trump promised to make the US the “crypto capital of the world” if elected president, joining other candidates in courting the cryptocurrency vote.
Elon Musk’s X platform has removed several cryptocurrency emojis, including Bitcoin’s, leaving the crypto community confused and calling for a universal digital symbol.
Asset manager Bryan Courchesne suggests that a future Trump administration might adopt Bitcoin as a strategic reserve asset, sparking debate about the cryptocurrency’s potential role in national finances.