đ± Last night witnessed a significant plunge in the crypto realm! The total market value tumbled by a whopping $120 billion, shrinking to $2.63 trillion. While stalwarts like Bitcoin, Ethereum, and Solana saw declines, Bitcoin dipped from $70,000 to $67,000. đ”
But fear not! Analysts view this as a healthy correction, especially with the impending Bitcoin halving this month. Historically, such events have sparked optimism and propelled BTC prices to new heights. đ
Altcoins weren't spared either, with Ethereum down by 5%, Cardano by 5.3%, and Avalanche by 8%. Even meme coins felt the pinch, as Dogecoin plummeted by 9%, Shiba Inu by 6.4%, Dogwifhat by 15.3%, and PEPE by 12%. đą
However, amidst the turmoil, there were bright spots! Core and Bittensor's TAO emerged as the day's top performers, boasting gains of 23.3% and 10.6% respectively. đ
The burning question now: Will cryptocurrencies bounce back from this setback? Share your thoughts and predictions in the comments below! đŹđ
