Weakness in the top cryptocurrency led to a broader fall in the crypto market. In the past 24 hours, ether (ETH), Solana’s SOL, and XRP fell 5%, while Avalanche’s AVAX and Polkadot’s DOT fell over 6%. Dogecoin’s DOGE was the only gainer among majors, buoyed by optimism around Elon Musk’s appointment to the board of social media platform Twitter (TWTR), which is being viewed as a positive sign for the memecoin.
Related posts
-
US Bitcoin ETFs Draw $44.51M in Inflows; GBTC Sees Another Round of Outflows
While U.S. spot ether exchange-traded funds (ETFs) experienced outflows on Wednesday, bitcoin ETFs saw inflows totaling... -
Jersey City to Invest in Bitcoin ETFs, the Latest Pension to Dive Into Crypto
Wisconsin’s public pension plan – the State of Wisconsin Investment Board, which has roughly $156 billion... -
VanEck Sees Bitcoin Hitting $2.9M by 2050 – but a Lot Has to Happen First
Bitcoin is benefiting from massive economic imbalances, rising distrust in institutions, fiscal recklessness and mounting debt...