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LINK Dumps by 9% Daily as BTC Falls to $94K (Weekend Watch)
The cryptocurrency market has experienced a devastating two-day slump, with the total crypto market cap plummeting by $150 billion. Bitcoin’s price action has been particularly underwhelming, falling from $97,000 to under $94,000 yesterday and subsequently dropping an additional 2% since then.
As a result of this downturn, alternative coins have also suffered significant losses. Ethereum has been halted at several occasions around the $3,500 mark but has now fallen to $3,360. XRP is trading below $2.20, while BNB is struggling to maintain its value above $700. Other notable losers include SOL, ADA, DOGE, and TON, with some altcoins like AVAX, SUI, LINK, DOT, and HBAR experiencing losses of up to 3%.
The most significant decline has been observed in Chainlink’s token, which has plummeted by nearly 10% and now trades beneath $22. Smaller-cap alts are also seeing substantial falls.
Source: cryptopotato.com
