Bitcoin and Ethereum plunge after US tech sell-off, sparking $300 million in losses
The strong outflows from spot Ethereum ETFs also contributed to the downward market pressure.
Happy Thursday!
The global crypto market cap is $2.32 trillion, with a 24-hour volume of $89.22 billion. The price of Bitcoin is $64,578.75, and BTC market dominance is 55.1%. The price of Ethereum is $3,133.56, and ETH market dominance is 16.3%. The best-performing sector is Masternode, which gained 18%. The Crypto Fear & Greed Index is currently Greed (68).
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📰 Top News
Bitcoin and Ethereum plunge after US tech sell-off, sparking $300 million in losses
The strong outflows from spot Ethereum ETFs also contributed to the downward market pressure.
Russian lawmakers pass bill legalizing Bitcoin mining, crypto payments for international trade
The bill, which was first introduced a few years ago, is expected to take effect on Sept. 1, pending final approval from the federation.
VanEck predicts Bitcoin could hit $2.9 million by 2050 in ‘base case scenario’
The firm's bull case projects Bitcoin could reach a staggering $52.4 million per coin by 2050.
📈 Latest Insights
Short-term Bitcoin holder transfers to exchanges peak on Ethereum ETF launch day
Ethereum ETF net flows turn negative since launch as Bitcoin regains inflows
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