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Crypto News Today (Dec 18, 2024): Binance Announces Delisting of WRX, AKRO, and BLZ
The cryptocurrency market has witnessed a turbulent day as Binance announced the delisting of three tokens: WRX, AKRO, and BLZ. This move has led to significant price drops for these tokens, with WRX plummeting 40% in just a few hours.
In light of this development, the overall crypto market cap has taken a hit, dropping by 2.63%. The market’s sentiment can be seen reflected in the Fear & Greed Index, which currently stands at 80, cautioning against “Extreme Greed” and potentially volatile trading conditions.
Binance Delists WRX, AKRO, and BLZ
The delisting of these tokens has led to a flurry of activity as traders rush to exit their positions. Binance did not provide specific reasons for the decision, which is typical in such cases. However, regulatory concerns or insufficient trading activity are possible explanations.
As we continue to monitor this developing story, it remains unclear what impact this will have on other cryptocurrencies listed on the exchange. For now, investors and traders should be wary of any potential market manipulation and volatile swings in value.
Bitcoin’s Performance
Despite the turmoil surrounding these three tokens, Bitcoin managed to hold its ground against other major players. This lack of movement is a testament to the resilience and long-term potential of this digital asset.
Altcoin Gains
Not all altcoins have fared as poorly. PENGU led the pack with an impressive 587.47% gain in the last 24 hours, a remarkable feat considering the market’s overall bearish sentiment.
However, not all coins were so fortunate. HNT fell by -11.33%, PYTH dropped by -10.48%, and DYDX lost -9.80% of its value during this period.
Other Key Updates
• Binance announced delisting of SUI, HMSTR, BNT, CYBER, and AEUR on December 20.
• US Files First Criminal Case against Crypto Tax Evaders
It is essential for investors to stay informed about these developments and their potential impact on the broader market.
Source: coinpedia.org
