Why the Crypto Market Is Down Today
Crypto trading activity has witnessed a pullback in the past 24 hours. This has resulted in a decline in the total crypto market cap (TOTAL) and Bitcoin’s (BTC) value during that period. IMX, the native token of Immutable, the Layer 2 (L2) scaling solution for NFTs on Ethereum, has led the market with the most losses over the past 24 hours.
In the news today:
- Tether reported an impressive $2.5 billion in profits for the third quarter of 2024, pushing its consolidated earnings for the year to $7.7 billion.
- World Liberty Financial (WLFI), a project endorsed by Donald Trump, recently lowered its presale target from $300 million to $30 million.
TOTAL Loses Support
The total crypto market capitalization has…
