The cryptocurrency market saw a notable correction ๐ this past week, with Bitcoin (BTC) dropping below $98,000 after nearing $99,000 ๐ช. This decline reduced the global crypto market cap by 2.3% and led to liquidations of $494 million as of November 25 ๐ฅ.
In a major move, Justin Sun ๐, founder of TRON, invested $30 million ๐ฐ in World Liberty Financial (WLFI), a DeFi platform backed by U.S. President-elect Donald Trump ๐บ๐ธ. This makes Sun the largest stakeholder in WLFI and an advisor to the project ๐ ๏ธ.
Meanwhile, XRP has been gaining traction ๐ due to favorable regulatory developments and growing institutional adoption ๐ฆ.
Despite the correction, the crypto market is witnessing significant investments and evolving regulatory landscapes ๐, shaping the future of digital assets ๐.$BTC