Global

In a tumultuous 24-hour period, the cryptocurrency market has seen a sharp downturn, sending shockwaves through major digital assets. Bitcoin (BTC) briefly dipped below the crucial $50,000 threshold, while Ethereum (ETH) plummeted to as low as $3,170, according to data from CoinGecko.

Switzerland, renowned for its financial prowess and innovation, is taking decisive steps towards regulating stablecoins, a rapidly expanding segment within the cryptocurrency sphere.

Japan's Nikkei 225 index experienced a dramatic decline of nearly 14% on Monday, reflecting investor anxiety over the state of the US economy. This sharp drop follows a 5.8% decrease on Friday, marking one of the index's most severe two-day losses in history.

Recent days have seen Ripple's XRP weather a substantial downturn, reflecting broader market volatility. The cryptocurrency's price plummeted by 24% over the past week and 17% within a 24-hour period, currently resting at approximately $0.44 according to Coingecko, marking its lowest level in nearly a month.

Saudi Arabia has swiftly emerged as a hub for Web3 innovation, driven by a youthful demographic and robust internet penetration. With 63% of its population under 30 and a strong digital appetite, the country offers fertile ground for digital advancements.

The cryptocurrency market witnessed a notable decline as Dogecoin (DOGE), along with Bitcoin and Ethereum, faced downward pressure in recent trading sessions.