When Lei Jun, wearing a brown leather jacket, released new products and became the industry's "price butcher", Huang Renxun, wearing a black leather jacket, faced another plunge in Nvidia's stock price because of his role as the industry's "price butcher": a big negative line of 8%, which once again triggered market concerns.
JinseFinanceThe price of Bitcoin once fell below $98,000 and is now trading at $98,909, with a 24-hour drop of more than 6.3%. Ethereum fell more than 8% during the day, approaching $3,000. The altcoin market has fallen sharply, and many of them have almost wiped out all the gains of the second round of the bull market.
JinseFinanceThe crypto market has faced a significant downturn, with Bitcoin and Ether leading the decline amid large-scale liquidations and concerns linked to broader market performance.
HafizCryptocurrency ownership in the US declined in 2023, with only 7% of adults using or owning crypto, down from 10% in 2022. The drop is likely attributed to factors such as fear of missing out (FOMO), lack of understanding of blockchain technology, and volatile market conditions.
WeatherlyBitcoin's value suffered its largest single-day drop since FTX's collapse, plunging over 8% to below $62,000. This decline, fueled by substantial outflows from spot BTC ETFs, marks a 15% pullback from last week's record highs. Contributing factors include excessive leverage, Ethereum's influence, and negative BTC ETF inflows. Ether (ETH) also declined following last week's upgrade, with uncertainty surrounding SEC approval for an ether spot ETF. The market's overheated conditions and concerns about potential rate cuts from the Federal Reserve add to investor unease. Rising dollar index and Treasury yields further dampen the appeal of risk assets like cryptocurrencies.
SanyaCrypto shock: $DOR nosedives -100%, mysterious swap of 100.1 $DOR to $WBNB ($258.5K). Beware #rugpull tokens, unusual $APE abstinence since Nov 14 sparks intrigue.
Cheng YuanAnimoca Brands in a statement on Thursday said it had around $3.4 billion in assets, including $194 million in cash and stablecoins, and $2.7 billion worth of "off-balance sheet token reserves".
OthersCryptojacking has become a lucrative option for cybercriminals because many victims are unaware that they have been attacked.
CointelegraphVYGVF dropped as much as 60% during regular trading hours on June 22 before closing at $0.5998 to mark a drop of 50.84% for the day.
CointelegraphGraphics card giant Nvidia reported "nominal" sales of its crypto mining chips and expects overall revenues to be down in Q2, which drove down its share price.
Cointelegraph