Rising fears of inflation and big government spending rocked equities markets and possibly had a knock-on effect on Bitcoin and altcoin prices.
The cryptocurrency market corrected sharply on May 12 after the hype surrounding dog-themed tokens was deflated when Ethereum co-founder Vitalik Buterin dumped vast amounts of the previously hot Shiba Inu (SHIB), Dogelon Mars (ELON) and Akita Inu (AKITA) on the market and donated the proceeds to charity. Data from Cointelegraph Markets and TradingView shows that as meme tokens sold off, Bitcoin (BTC) price continued its recent weakness and declined nearly 8% decline to $53,500 before recovering to $54,700.BTC/USDT 4-hour chart. Source: TradingViewEther (ETH) was less affected by the sell-off and actually managed to recover above $4,000 to reclaim its daily losses as users of the network applauded Buterin’s decision to donate his meme coins to various charities. Traders are also
6 tokens to hold for potential 10x growth in January 2024
Finding the next big opportunity in the quickly changing world of cryptocurrency requires more than simply luck; it…
