Bitcoin plunges to $53,000 as analysts warn the worst is not over
Bitcoin could drop to $50,000, but a strong macro environment and a growing “buy the dip” mentality will quickly see its price rebound, analysts say.
![image JinseFinance](https://image.coinlive.com/24x24/cryptotwits-static/9e021fa1f8e48e84c05a9c950c3e45dd.png)
Bitcoin could drop to $50,000, but a strong macro environment and a growing “buy the dip” mentality will quickly see its price rebound, analysts say.
Degen Chain, an Ethereum layer 3 blockchain, experiences over 53 hours of inactivity, rendering associated applications non-operational. Rooted in a custom config change, efforts are underway to restore functionality by May 15, affecting DEGEN token's value and sparking debate on layer 3 solutions' efficacy.
Do Kwon faces a historic fine for fraud and unregistered securities sales, setting a precedent in the crypto industry's regulatory landscape.
The Commission filed a motion seeking $5.3 billion in disgorgement and civil penalties after a jury found Terraform Labs and Do Kwon guilty of fraud in a case filed with the SEC.
Golden Finance launches Golden Web3.0 Daily to provide you with the latest and fastest news on games, DeFi, DAO, NFT and Metaverse industries.
Golden Finance launched the 2289th issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest digital currency and blockchain industry news.
Investment fraud involving cryptocurrencies increased from $2.57 billion in 2022 to $3.94 billion in 2023.
FTX, facing financial distress, grapples with a staggering expense of $53,000 per hour in bankruptcy-related fees, revealing significant challenges in its legal battle.
View important news in the currency circle in the past 24 hours.