📉 Crypto Market Plummets: Majority in the Red
🚨 The cryptocurrency market has taken a significant hit, with most assets falling into the red zone. The overall market cap has dropped by 5.8%, leading to substantial losses across various cryptocurrencies.
🔻 Bitcoin fell below $62,000 for the first time in nearly three weeks, trading at $61,458, down nearly 5.5% in the past 24 hours. Ethereum also dropped below $3,000, with a 6.5% decrease in the same period.
📊 This decline is partly attributed to a gloomy U.S. jobs report revealing a rising unemployment rate, impacting both crypto and stock markets. Additionally, significant sell-offs, including repayments from Mt. Gox and the German government's Bitcoin dumps, have added to the downward pressure.
⚠️ Investors are advised to exercise caution due to the increased volatility and potential further declines in the market.
#cryptocurrency #bitcoin
kenso / S. O Nana
npub184…zlaqf
2024-08-04 12:28:53
Author Public Key
npub184lmgjp4jed2lw7hk83ld4s9zkflvfrgp6dkajy2r3kj3yzpetas6zlaqfPublished at
2024-08-04 12:28:53Event JSON
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"content": "📉 Crypto Market Plummets: Majority in the Red\n\n🚨 The cryptocurrency market has taken a significant hit, with most assets falling into the red zone. The overall market cap has dropped by 5.8%, leading to substantial losses across various cryptocurrencies.\n\n🔻 Bitcoin fell below $62,000 for the first time in nearly three weeks, trading at $61,458, down nearly 5.5% in the past 24 hours. Ethereum also dropped below $3,000, with a 6.5% decrease in the same period.\n\n📊 This decline is partly attributed to a gloomy U.S. jobs report revealing a rising unemployment rate, impacting both crypto and stock markets. Additionally, significant sell-offs, including repayments from Mt. Gox and the German government's Bitcoin dumps, have added to the downward pressure.\n\n⚠️ Investors are advised to exercise caution due to the increased volatility and potential further declines in the market.\n#cryptocurrency #bitcoin",
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