After a short-lived recovery on Tuesday, the #crypto market was back in deep red on Wednesday as the major crypto #tokens plunged sharply.
The global #cryptocurrency market cap was trading sharply lower at $914.20 billion, dropping more than 5% in the last 24 hours. However, the total #trading volume zoomed over 15%, close to $91.7 billion.
All top crypto tokens were trading sharply lower on Wednesday. #XRP plunged 10%, whereas Bitcoin, #Ethereum, #Solana and #Polkadot dropped 6% each.
The global #cryptocurrency market cap was trading sharply lower at $914.20 billion, dropping more than 5% in the last 24 hours. However, the total #trading volume zoomed over 15%, close to $91.7 billion.
All top crypto tokens were trading sharply lower on Wednesday. #XRP plunged 10%, whereas Bitcoin, #Ethereum, #Solana and #Polkadot dropped 6% each.
#Polkadot Hits All-Time High in Development Activity
A record-breaking month for the #multichain protocol, September saw polkadot recognise more than 500 contributions every single day.
Data from polkadot #XCM cross-consensus interoperability standard reveals that a record 26,258 messages were exchanged between its #parachains at the same time.
On polkadot’s #GitHub, a total of 14,930 developers' contributions were noted in August.
A record-breaking month for the #multichain protocol, September saw polkadot recognise more than 500 contributions every single day.
Data from polkadot #XCM cross-consensus interoperability standard reveals that a record 26,258 messages were exchanged between its #parachains at the same time.
On polkadot’s #GitHub, a total of 14,930 developers' contributions were noted in August.
🗳 Time for a quick poll, crypto community! Which altcoin are you most excited about right now? Cast your vote and let's see which project takes the lead! 🚀💎
👇 Cast your vote below! 👇 Let's hear your thoughts! 🔥
👇 Cast your vote below! 👇 Let's hear your thoughts! 🔥
Anonymous Poll
27%
#Ethereum
18%
#Cardano
27%
#Solana
36%
#Polkadot
What factors contributed to the recent decline in the #cryptomarket, with #Solana (SOL), #Cardano (ADA), and #Polkadot (DOT) leading the red trend? #cryptonews
👇👇
https://coinpedia.org/news/why-crypto-market-is-down-today-here-are-the-crucial-factors/
👇👇
https://coinpedia.org/news/why-crypto-market-is-down-today-here-are-the-crucial-factors/
Coinpedia Fintech News
Why Crypto Market is Down Today? Here Are The Crucial Factors
The crypto market was in red in the past 24 hours led by Solana (SOL), Cardano. (ADA), and Polkadot (DOT). The crypto bullish momentum that was recorded
Is #PolkaDot (DOT) poised to break into the top 10 #cryptocurrencies Analysis suggests a double bottom pattern at $6 could be a game-changer.
Find out more about DOT's potential surge
#cryptotrading #Crypto
https://coinpedia.org/price-analysis/will-dot-price-top-10-with-this-double-bottom-at-6/
Find out more about DOT's potential surge
#cryptotrading #Crypto
https://coinpedia.org/price-analysis/will-dot-price-top-10-with-this-double-bottom-at-6/
CoinPedia
Will DOT Price Top $10 With This Double Bottom At $6?
Ranking amongst the top performers, Polkadot shows a promising recovery opportunity as it overcomes the supply surge. With a bullish turnaround
#CryptoBulle warns against #altcoins between Fibonacci levels 0.382 and 0.236 due to potential losses.
Altcoins like #Polkadot, #Filecoin, #AxieInfinity, and #Cardano face challenges in reaching new highs.
https://coinpedia.org/news/top-analysts-says-4-altcoins-you-should-avoid-at-all-costs/
Altcoins like #Polkadot, #Filecoin, #AxieInfinity, and #Cardano face challenges in reaching new highs.
https://coinpedia.org/news/top-analysts-says-4-altcoins-you-should-avoid-at-all-costs/
CoinPedia
Analyst Reveals Top 4 Altcoins to DITCH Before They Crash
The altcoin market has surged past a whopping $276 billion, fueled by Bitcoin's climb beyond $66,000, drawing investors' attention to potential gains in
Top #Cryptonews in Past 12 Hours
1️⃣Martin Radev dropped his lawsuit against Keith Gill, alias #RoaringKitty, just three days after filing.
2️⃣Sony Group, one of Japan's largest companies, acquired Amber Japan, entering the #cryptoexchange field.
3️⃣Nate Geraci confirmed that the US SEC received the 19b-4 application for the Hashdex Nasdaq Crypto Index US #ETF.
4️⃣Northern Data, Europe's largest #cryptomining company, considered an IPO in the US, valued up to $16 billion.
5️⃣#Pendle's total locked value (TVL) fell 40% last week as users withdrew nearly $3 billion since Wednesday
6️⃣#Polkadot's first-half financial report revealed spending $87 million (11 million DOTs), with $37 million on marketing
7️⃣#Bitcoin spot ETFs saw a total net inflow of $129 million on July 1, continuing for 5 days.
1️⃣Martin Radev dropped his lawsuit against Keith Gill, alias #RoaringKitty, just three days after filing.
2️⃣Sony Group, one of Japan's largest companies, acquired Amber Japan, entering the #cryptoexchange field.
3️⃣Nate Geraci confirmed that the US SEC received the 19b-4 application for the Hashdex Nasdaq Crypto Index US #ETF.
4️⃣Northern Data, Europe's largest #cryptomining company, considered an IPO in the US, valued up to $16 billion.
5️⃣#Pendle's total locked value (TVL) fell 40% last week as users withdrew nearly $3 billion since Wednesday
6️⃣#Polkadot's first-half financial report revealed spending $87 million (11 million DOTs), with $37 million on marketing
7️⃣#Bitcoin spot ETFs saw a total net inflow of $129 million on July 1, continuing for 5 days.
Top #Cryptonews in Past 12 Hours
1️⃣Jerome Powell was pleased with #inflation progress but needed more assurance before rate cuts.
2️⃣Fabi, CEO of Web3 Foundation supporting #Polkadot, advocated for community-voted on-chain treasury spending.
3️⃣The Tao Community Discord admin reported TAO Foundation investigated recent attacks on #Bittensor wallets.
4️⃣Nate Geraci, president of The #ETF Store, forecasted the #Ethereum spot ETF launch for mid-July (July15)
5️⃣#Genesis Digital Assets, a Bitcoin mining firm, considered a U.S. IPO, backed by Alameda's $1 billion investment
6️⃣K33 analyst anticipated the upcoming ETF as a strong catalyst for $ETH's performance, foreseeing potential price boosts.
7️⃣On July 2, #Bitcoin spot ETFs experienced a net outflow of $13.6167 million, reversing five days of net inflows.
1️⃣Jerome Powell was pleased with #inflation progress but needed more assurance before rate cuts.
2️⃣Fabi, CEO of Web3 Foundation supporting #Polkadot, advocated for community-voted on-chain treasury spending.
3️⃣The Tao Community Discord admin reported TAO Foundation investigated recent attacks on #Bittensor wallets.
4️⃣Nate Geraci, president of The #ETF Store, forecasted the #Ethereum spot ETF launch for mid-July (July15)
5️⃣#Genesis Digital Assets, a Bitcoin mining firm, considered a U.S. IPO, backed by Alameda's $1 billion investment
6️⃣K33 analyst anticipated the upcoming ETF as a strong catalyst for $ETH's performance, foreseeing potential price boosts.
7️⃣On July 2, #Bitcoin spot ETFs experienced a net outflow of $13.6167 million, reversing five days of net inflows.