Crypto Experiences Its First “Crash” Since BTC Hit $100K
Welcome to crypto, ladies and gentlemen. And to all crypto natives and degens, a warm welcome home. Like an overdue hangover from Bitcoin’s $100K celebrations, the crypto industry has returned to its true form to bring us a very familiar FUD-induced migraine.
Bitcoin dropped below $100,000 for the first time in weeks, sinking by over 5%, marking an 8% decline from recent highs, although the world’s leading crypto has since recovered slightly.
Altcoins fared even worse, with Ethereum and Solana losing over 4%, and Dogecoin down 7%. From their respective highs, BTC, ETH, SOL, XRP, DOGE and HYPE are down -8%, -11%, -23%, -13%, -23% and -17%.
Overall, the global crypto market cap fell to as low as $3.42 trillion – a 7.18% decline in…
