📉 Bitcoin (BTC) dropped by 4% to $ 60,000. BTC was the most affected by the decline across cryptocurrencies. According to the CoinDesk 20 Index, the digital asset market is down approximately 3.3%. US spot BTC ETFs appeared to break their five-day winning streak and recorded an outflow of $13 million on Tuesday. Additionally, bankrupt cryptocurrency exchange Mt. There are concerns that distributions from Gox will increase sales pressure. 📉📰
US election-themed meme tokens are in decline. Solana-based Jeo Boden (BODEN) has fallen 70% in the last week. BODEN has fallen 80% in the last 30 days, falling to levels seen since the beginning of March.
The cryptocurrency industry is entering a phase of major growth and is in much better shape than it was two years ago, investment bank Architect Partners noted in its quarterly report published last week.
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