
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.
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.
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.
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.
XRP’s monthly volatility has reached an all-time low, mirroring conditions before its 60,000% rally in 2017-2018. Technical indicators suggest a significant price movement may be imminent.
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.
Litecoin’s price has risen 6.49% in 24 hours to $75.4, with a 5% weekly gain. Despite a drop in trading volume, LTC maintains a $5.65 billion market cap, ranking 21st among cryptocurrencies.
August 2024 will see nearly $1.5 billion in token unlocks across major crypto projects, with XRP’s $609 million release leading the way on August 1.