Pump.fun, SPX6900, Bittensor slide further with double-digit losses
Pump.fun (PUMP), SPX6900 (SPX), and Bittensor (TAO) are leading the losses in the cryptocurrency market over the last 24 hours amid total liquidations of over $500 million. The retail segment alleges institutional manipulation amid an early-morning Bitcoin sell-off routine in the US market. Additionally, the US CPI data coming on Thursday and the Bank of Japan’s rate hike decision on Friday could further boost volatility in the crypto market.
Technically, the declining trend in PUMP, SPX, and TAO could extend the bearish streak as momentum indicators suggest intense selling pressure.
Pump.fun could fall out of a declining wedge pattern
Pump.fun edges lower by nearly 2% at press time on Thursday, extending the 10% decline from the…
