Global #Altcoins

The price of bitcoin suddenly collapsed, falling 3.5% in a single day. However, most popular altcoins had even worse luck.

Following many days of precipitous declines, the price of bitcoin had a roughly two-fold boost following the Federal Reserve's decision not to raise interest rates, but it promptly declined again.

The majority of Polygon's [MATIC] profits from 2023 and early 2024 have been lost. Will the losses be recouped?

Unusual transaction volumes were noticed in multiple altcoins on Upbit, the biggest cryptocurrency exchange in South Korea, following the conclusion of the Bitcoin halving. Cardano (ADA), Loom Network (LOOM), 1inch (1INCH), Ankr (ANKR), and NEM (XEM) are among the cryptocurrencies in question.

With the crypto market downturn continuing and digital assets continuing to dump, the bull market exuberance seems to have abruptly stopped. The well-known market expert "Cold Blooded Shiller" said on X on April 16 to his 269,000 followers that Bitcoin is "still the cloud that hangs over crypto."

The cryptocurrency market is currently displaying a mix of stability and slight fluctuations, exemplified by Cardano's ADA project. Despite recent ups and downs, ADA maintains a steady trading range similar to the previous week.

Almost 300,000 cryptocurrency traders faced nearly $1 billion in losses within 24 hours due to a major market crash on April 12. Unlike typical trends, altcoins surpassed Bitcoin in terms of liquidations.

A well-known cryptocurrency trader and expert is providing his prediction on a digital token that stands in for real world assets, or traditional and actual financial assets (RWA).