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.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
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.<\/p>\n","protected":false},"excerpt":{"rendered":"
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 […]<\/p>\n","protected":false},"author":93,"featured_media":41441,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[14714],"tags":[6467,6602,6536],"class_list":["post-41663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-crypto","tag-market-update","tag-news"],"acf":{"key_takeways":false,"youtube_vodeo_url":"","seo":{"title":"","keywords":"","description":"","canonical":""},"blog_banner_image":false,"blog_coin":false,"download_the_app":{"button_value":"","button_url":""},"twitter_card":{"twitter_title":"","twitter_description":"","twitter_link":""},"maturity_tag":"","post_author":false,"guest_author":false,"hide_toc":true,"select_disclaimer":"Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered investment\/financial advice from CoinSwitch. Any action taken upon the information shall be at the user\u2019s risk."},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/41663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/users\/93"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=41663"}],"version-history":[{"count":3,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/41663\/revisions"}],"predecessor-version":[{"id":41668,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/41663\/revisions\/41668"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/41441"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=41663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=41663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=41663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}