Crypto market loses $775 million as Tether’s USDT concerns grow
The cryptocurrency market is down to $2.42 trillion, losing over 7% in the last 24 hours as Bitcoin (BTC) drops below $71,000 at press time on Thursday. Major altcoins, including Ethereum (ETH), Ripple (XRP), BNB (formerly Binance Coin), Solana (SOL), and Dogecoin (DOGE), are taking bearish hits as crypto market liquidations total more than $775 million over the last 24 hours. Declining market sentiment amid fears that Tether’s USDT stablecoin may lose its peg to the US Dollar, coupled with the prevailing downturn, increases selling pressure.
Crypto market crashes as Bitcoin eyes $70,000
CoinMarketCap data indicates that Bitcoin is approaching $70,000 and Ethereum is coming to $2,000, with both recording over 7% declines in the last 24…
