During a widespread crypto market sell-off, Bitcoin (BTC) plummeted to $58,000, and Ethereum (ETH) also dropped below the $2,500 mark. The total crypto market cap found support around $2 trillion, offering a brief respite for the bulls. Over $300 million in long positions were liquidated, though no clear catalyst for the downturn was identified.
On the other hand, the popular blockchain TON stopped production blocks for around 3 hours, posing questions about network stability as the blockchain failed to handle the massive token claim of DOGS token on Telegram. Solana faced a similar problem in February this year, causing a dump in prices.
Yesterday, NASDAQ announced its intention to seek regulatory approval for trading Bitcoin options, following a similar move by the NYSE earlier this year. It remains to be seen if either exchange will succeed in obtaining the necessary approval.
