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Why #Bitcoin is on a downturn today?

Critical factors like the FOMC meeting, BOJ's shift in interest rates, and Grayscale's ongoing $BTC sales are stirring the market.

Dive into the details and determine if #BTC will dip below $60K by the weekend.

https://coinpedia.org/news/heres-why-bitcoin-price-dropping-today/
Breaking : #MicroStrategy has acquired an additional 9,245 #BTC
Bitcoin and other major cryptocurrencies faced a downturn early Tuesday, signaling a broader lack of confidence in the market.

Here's a quick breakdown:

Bitcoin and popular altcoins like Ethereum, Dogecoin, Ripple, Solana, and Litecoin saw declines.

Fantom stood out with a 6% gain, while Dogwifhat experienced a significant 22% drop.

The global crypto market cap fell by 4.53% to $2.45 trillion.

Memecoins, both old and new, were notably impacted:
- Dogecoin dropped 22.96% over the week to $0.1324.
- Shiba Inu fell 22.18%, and Floki Inu saw a 33% decrease.

This snapshot reflects a challenging period for cryptocurrencies, with both established and emerging tokens facing headwinds
Key deadlines loom in the #Ripple vs. #SEC case, impacting $XRP's journey. With crucial response dates and confidentiality requests set, the crypto community watches closely.

How will this legal battle shape the future of XRP? ๐Ÿš€๐Ÿ‘€

#RipplevsSEC

https://coinpedia.org/news/ripple-vs-sec-update-upcoming-deadlines-in-xrp-lawsuit/
"Looking for altcoins to add to your portfolio during the market crash?

Discover the top 3 altcoins highlighted by experts for their potential to thrive even in the current downturn. Don't miss this opportunity to invest wisely!

๐Ÿ’ผ๐Ÿ“ˆ [Read more](https://coinpedia.org/price-analysis/top-3-altcoins-to-stack-in-this-crypto-market-crash/)"
Global Crypto Marketcap: Stands strong at $2.4T, indicating significant investor interest.

#Bitcoin Dominance: Slightly decreased to 52.06%, showing a gentle pivot towards altcoins.

Market Sentiment: Fear & Greed Index is at 'Greed', suggesting bullish investor behavior.

Volume Trends: Total market volume down by 9.29%, signaling a potential cool-off period.

Major Cryptos: #Bitcoin and #Ethereum record marginal gains, reflecting cautious optimism.

#Altcoin Movement: Mixed performance with notable gains by $OP, $TON, $KCS, and others, while $WIF and $AVAX top the losers, highlighting market volatility.

Investor Strategy: Current trends suggest a watchful approach, balancing between dominant cryptos and emerging altcoins.
There is no CAGR like #bitcoinโ€™s CAGR.


Bitcoin's growth is a roller-coaster, soaring to 155% per year over five years, while gold has been more of a gentle ride at 7% per year, and the S&P 500 chugging along with a 30% gain in the first year.



#Bitcoin #Gold #S&P500 #CAGR #Coinpedia
Breaking : The #Ethereum Foundation, a key player behind Ethereum, faces a confidential inquiry from an unnamed state authority.

Hereโ€™s the crux:

State Inquiry: The Ethereum Foundation is under confidential investigation, coinciding with Ethereum's technological evolution and the growing interest in #ETH ETFs in the U.S.

SEC's Ethereum Stance: Amidst this inquiry, the #SEC is contemplating classifying ETH as a security. This consideration follows the SEC's recent approval of #Bitcoin ETFs but displays hesitation towards Ether ETFs, significantly impacting Ethereum's future.

Warrant Canary Removal: A notable action was the removal of the Ethereum Foundation's warrant canary, hinting at a received government request without explicit acknowledgment.

Global Regulatory Coordination: Speculation arises around collaboration between Swiss regulators and the SEC, affecting the broader crypto market and Ether ETF approvals.
Top Crypto News in the Past 12-Hours

๐Ÿ”ฅEthereum Foundation Under Investigation By A State Authority

๐Ÿ”ฅMontenegro Court Finalizes Do Kwonโ€™s Extradition To South Korea To Face Criminal Charges

๐Ÿ”ฅUS Fed Keeps Interest Rates Steady at 5.25% to 5.50%

๐Ÿ”ฅSEC pushes deadline on VanEck spot Ether ETF application

๐Ÿ”ฅUS Lawmakers believe crypto regulation could become law by Election Day

๐Ÿ”ฅCoinbase Files To List DOGE, LTC and BCH Futures Trading