The overall downturn in the cryptocurrency market has also affected Mimecoin. The GMCI index for the block’s Mimecoin shows that the sector is down 8.87% in the last 24 hours as of the time of publication. The top three assets by weight, Dogecoin, Shiba Inu, and Pepe, are down 9.23%, 2.36%, and 13.87%, respectively. Solana and Mimecoins have also taken a hit. The Block previously reported that their market cap fell 16% in a single day. The general partner of venture firm Cinneamhain Ventures (CEHV) said that Mimecoin tends to take a big hit during market downturns. “We’re starting to…
Author: Crypto Flexs
Read More
The cryptocurrency crash is mostly token Nursing double digits Loss rate. investor Compete answer About what triggered it Market confusion. Changes in finances Policy And geopolitical tensions are rising. nervous Being blamed. Cryptocurrency markets are known for their volatility and sudden sell-offs. A prime example is China’s restrictions on cryptocurrency trading and mining in May 2021, which caused the Bitcoin price to plunge 50% to $30,000. Cryptocurrency crashes are a feature of the digital asset environment, continually testing investor resolve and market resilience.Nevertheless, the crypto world has been rocked by a sudden $360 billion market cap drop over the past…
James Ding 05 Aug 2024 15:58 Bitcoin (BTC) fell 11% last week, hitting a low of $49,130 amid widespread economic uncertainty and market turmoil. According to Bitfinex Alpha, Bitcoin (BTC) experienced a significant price drop, dropping 11% last week to hit a low of $49,130. This is the lowest price since February 14. The downtrend accelerated on August 2, recording the largest daily drop since April 2, of 6.01%, bringing the total all-time high to 14.52%. The altcoin Solana (SOL) in particular showed a larger decline. Market instability and liquidation Bitcoin failed to hold…
Welcome to NFT.New York!We’re excited to celebrate the incredible diversity and technological innovation of the NFT community. We wanted to briefly outline some of the important things everyone should know when dealing with NFTs, and hopefully open the way for further education and discussion. ownership: One of the things that Web3 enables is direct ownership of assets. Examples of various assets include cryptocurrencies, NFTs, artwork, or inventory and royalty wallets (if you are a creator). security: So the ability to own leads to the question of security and protection of assets (as well as inheritance). Why should you think about…
Ethereum (ETH) extended its selloff on August 5, plunging to just above $2,100, an eight-month low. Jump trading in ETH transfers, rising geopolitical tensions, and concerns about the health of the global economy have triggered corrections across all markets.According to data from Cointelegraph Markets Pro and TradingView, ETH fell from a high of $3,016 on August 3 to a low of $2,116 on August 5, a drop of around 30%.ETH/USD daily chart. Source: TradingViewThe last time Ethereum traded at these levels was on January 3, when it was rallying on expectations that the first Bitcoin exchange-traded fund (ETF) would be…
A widely known cryptocurrency analyst has issued a warning about Bitcoin (BTC), saying investors should not rule out the possibility of the cryptocurrency king falling below $50,000. Anonymous cryptocurrency trader Kaleo tells his 642,200 followers on social media platform X that Bitcoin could drop to the high $40,000s to low $50,000s before hitting new all-time highs by the end of the year. “I don’t think we can rule out a crash to the upper $40,000s, but I think it’s more likely that we see a crash to the lower $50,000s and then a bottom. Either way, – We will reach…
The Block • August 5, 2024 2:20 PM EDT Posted 1 minute earlier In ~ Updated: August 5, 2024, 2:26 PM EDT Cryptocurrency markets saw a massive downturn on Monday, with the industry’s market cap experiencing its biggest drop since January 2022. Top 2 cryptocurrencies by market cap Also, the price has plummeted over the last 24 hours. Bitcoin Bitcoin -7.54% It fell below 50 thousand dollars. And ether was trading below $2,200. U.S. spot Bitcoin exchange-traded funds (ETFs) saw $237 million in outflows on Friday, the second-highest outflow since May 1 and the fourth-highest daily net outflow overall. More…
Jessie A Ellis 05 Aug 2024 16:39 Circle has announced that USDC support will be discontinued on the Flow blockchain starting September 3, 2024 due to a network upgrade. Circle has announced that it will be discontinuing support for USDC on the Flow (Cadence) blockchain starting September 3, 2024 due to an upcoming network upgrade. USDC minting on Flow will continue until noon ET on August 27, 2024, according to Circle. Impact on USDC Holders Circle has urged Circle Mint customers, retail USDC holders, and non-Circle customers holding USDC on Flow to migrate their…
Before Toncoin (TON) recently bounced to $6.75, the cryptocurrency had experienced a 12% drop over the past six days. TON initially fell below the critical level and has not been able to rise any higher since. According to this analysis, it may be difficult for the token to break this resistance, so the price may remain below $7 for the next few days. Toncoin Metric Reveals Potential Selloff According to IntoTheBlock, the number of profitable holders has not reached its previous high due to the decline in TON last month. Also, the In/Out of Money Around Price (IOMAP) shows where…
Georgetown, Grand Cayman, August 5, 2024, Chainwire Zircuit, a fully EVM compatible ZK rollup with AI-assisted sequencer level security, today announced that Mainnet Phase 1 is now live. Mainnet Phase 1 also includes the launch of the Zircuit Mainnet Festival, the first program that provides the opportunity to win ZRC and big prizes proportional to the gas consumed on the Zircuit network. In order to reward users who participated in the highly successful staking program by staking over $2 billion, Zircuit has also launched the Season 1 Airdrop Claim. Users who staked assets in the Season 1 Points Campaign can…