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Crypto News Today (Dec 18, 2024): Binance Announces Delisting of WRX, AKRO, and BLZ
The cryptocurrency market has been facing a turbulent day today. The uncertainty in the market caused a drastic drop in the overall capitalization by 2.63% to $3.67 trillion. This is not the only significant event that occurred today, as Binance made the surprising announcement of delisting three tokens, namely WRX, AKRO, and BLZ.
The decision was taken without specifying any specific reasons for the action. Usually, such moves are preceded by regulatory concerns or inadequate trading activity. The effect on these tokens is being felt, with WRX plummeting 40%, AKRO losing 25%, and BLZ dropping 24% in a short span of time.
In other news, Bitcoin’s price dropped by 1.98% to $104,923.94. Despite this pullback, it remains the largest cryptocurrency, claiming an impressive 56.47% share of the total market capitalization.
Altcoins also saw their fair share of gains and losses today. Ethereum fell 3.12% in a day, while Solana’s price skyrocketed by an astonishing 13.74%. Other notable gainers include MOVE with a 7.72% rise, followed by BGB with a 5.21% increase.
On the other end of the spectrum, HNT saw its value decline by -11.33%, PYTH plummeting by -10.48%, and DYDX by -9.80%.
The fear index remains at an elevated level, indicating that investors are advised against “Extreme Greed” in the current market conditions.
For a more in-depth analysis of these developments and their implications on the global cryptocurrency landscape, be sure to follow Coinpedia for regular updates and insights.
Source: coinpedia.org
