Bitcoin News
By Jean-Luc Maracon
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Zcash Craters 41%, Hayes Walks Away. Zcash had a rough week even by crypto standards. The privacy coin tumbled 41% after technical…
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Ethereum at 14-Month Low, XRP Slides Too. Ethereum fell to $1,600, a 14-month low. That's a 17% decline, and it's the kind of number that…
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What the Numbers Actually Say. The total market cap at $2.18 trillion with $138 billion in daily volume means there's still…
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Bitcoin broke below $61,000 on Friday, touching a four-month low. The drop wiped over $20,000 from its mid-May peak, and the broader crypto market cap shed $400 billion, falling…
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The slide didn't come from one single event. It came from several bad things landing at once.
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Strive went the other direction entirely, dropping $185 million to buy more Bitcoin and pushing its total holdings to nearly 19,000 BTC.
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Cardano's week wasn't much better. ADA dropped over 30% after Charles Hoskinson announced a break from the project.
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See also: Bitcoin Plunges to $61,322, Lowest Since February as Rebound Doubts Mount
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XRP also took a hit, falling 14% to trade at $1.11. The losses across the board aren't subtle. Major assets, mid-caps, privacy coins — everything got clipped this week.
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Peter Schiff added his voice to the noise. He issued a warning that Bitcoin could fall to $20,000 if it can't hold the $50,000 support level.
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The divergence between Strategy and Strive is probably the most interesting subplot here. Strategy sells a slice, market panics.
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The total market cap at $2.18 trillion with $138 billion in daily volume means there's still significant capital moving through the market. It's not frozen.
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Related: Bitcoin Slides Toward $65K as Buyers Eye the $60,000 Line
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Cardano's network activity spike during a price crash is genuinely odd. Usually those two things move together.
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Ethereum at $1,600 with a 17% weekly drop. XRP at $1.11 after a 14% fall. ADA down 30%-plus. Bitcoin sitting just above $61,000 and struggling to hold.
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