Story Highlights
Binance delisted WRX, AKRO, and BLZ, causing prices to drop by up to 40%
Cryptocurrency market capitalization dropped by 2.63%, Fear and Greed Index stands at 80
PENGU's stock price soared by 587.47%, leading today's largest gainers
The cryptocurrency market experienced significant turmoil today, with market capitalization falling by 2.63% to $3.67 trillion. The turbulence hindered trader activity, with trading volume also down 1.32% to $203.4 billion. However, the Fear and Greed Index did not change much, continuing to show a score of 80, indicating extreme greed among market participants.
Binance delisted WRX, AKRO, and BLZ
Binance announced the delisting of three tokens, WRX, AKRO, and BLZ, from its exchange, a move that shocked the market. The move immediately triggered a market reaction, with WRX plummeting 40% within hours, AKRO dropping 25%, and BLZ falling 24%.
Is Bitcoin declining again?
Bitcoin's price dropped 1.98% to $104,923.94, while intraday trading volume fell 2.78% to $77.35 billion. Despite the pullback, Bitcoin remains a safe haven, continuing to hold the largest market share at 56.47%.
Altcoin Watch: Winners and Losers
In a generally uncertain market, Ethereum's price fell by 3.12% to $3,884.64 on the daily chart. Solana also followed this trend, dropping by 1.57% to $217.45. Meanwhile, XRP faced a larger decline, dropping 4.39% to $2.57.
Biggest gainers and losers:
PENGU became the leader of the rising stocks, soaring 587.47%. Meanwhile, BGB and MOVE rose by 13.74% and 7.72%, respectively. On the other hand, HNT dropped -11.33%, PYTH fell -10.48%, and DYDX decreased -9.80%.
