The post Crypto Crash Alert: Bitcoin Slips Below $96K, Altcoins Tumble appeared first on Coinpedia Fintech News
The crypto market took a sudden hit as El Salvador struck a $1.4 billion deal with the IMF. The country agreed to bring some adjustments to its Bitcoin Policy, and this news shook the market. This created waves of bearish momentum causing all major cryptos to plummet while memecoins maintained their course.
Bitcoin Dips, Altcoins Follow
Bitcoin (BTC) dropped by 3.32%, currently trading at $97,697. Over the last 24 hours, it fluctuated between $95,537 and $102,747. Its market cap now stands at $2.05 trillion, with trading volume slightly lower at $39.57 billion. What’s behind the decline? A massive $682.04 million flowed out of spot BTC ETFs. Big names like Fidelity and Grayscale weren’t spared, reporting hefty outflows as well.
Source : Tradingview
Ethereum (ETH) took an even bigger hit, falling 6.52% to $3,420. Grayscale’s ETH ETFs saw outflows of $58.13
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