Crypto Market News Update: Why Are Bitcoin and Top Altcoins Tumbling Today?
The crypto market has slipped 1.50% in the last 24 hours, dragged down by negative ETF outflows and the unfolding LIBRA meme coin scandal, which is fueling bearish momentum.
Adding to the pressure, the Federal Reserve’s hawkish stance has sent top coins plunging to fresh local lows.
A flurry of negative crypto news that rocked the headlines on Monday and early Tuesday, Feb.18, has spooked investors and triggered a sell pressure for most coins.
As a result, the crypto market cap has lost close to 2% of its value in the last 24 hours to settle around its 30-day lows of $3.17 Trillion.
Much of the losses may be attributed to the pullback suffered by top coins within this period.
Solana led the crypto slump after crashing by more than 10% to…
