๐จ Bitcoin $BTC Plunges to $59,000 As Global Crypto Market Cap Drops 6% ๐จ
The crypto market has taken a significant hit today, erasing all recent gains. Bitcoin has plunged to the $59,000 level, wiping out its momentum from yesterday's $63,000 high.
๐ Ethereum $ETH also saw a steep drop, losing 8% and falling to $2,400 from a high of $2,700.
The overall cryptocurrency market cap has dropped by 6% in the last 24 hours, affecting top altcoins across the board. Even AI tokens, which were surging ahead of Nvidia's Q2 earnings report, couldn't escape the bloodbath.
๐ฅ Total liquidations crossed $320 million, impacting over 87,700 traders.
Interestingly, amidst the chaos, meme coins like DOGS, POPCAT, and Toncoin $TON are trading in the green.
๐ป Fear and panic are gripping the market, with the crypto fear and greed index dropping to 30.
Stay tuned for more updates as the market continues to react to these developments.
