Global #investors

As Bitcoin (BTC) struggles to maintain its value amid a significant drop below the psychological $60,000 mark, Tesla CEO Elon Musk's recent cryptic social media post has sparked speculation in the cryptocurrency community.

In a remarkable turnaround, the cryptocurrency market has shown substantial recovery over the past 24 hours, with major assets experiencing significant gains. Bitcoin (BTC) has surged to $56,000, and altcoins like Solana (SOL) and Shiba Inu (SHIB) have both skyrocketed by 24% in daily trading.

Bitcoin investors were jolted awake this Monday as the cryptocurrency experienced a dramatic 15% drop, with its price crashing to approximately $51,500. This sharp decline follows a troubling trend that has seen Bitcoin lose over 26% of its value in just one week, down from around $70,000 on July 29.

A wave of celebrity-endorsed cryptocurrencies that swept the market in June has experienced a dramatic downturn. Coins associated with high-profile figures from various industries plummeted in value, leaving investors reeling.

The cryptocurrency market has witnessed an unexpected shakeup with the emergence of Cat In A Dogs World (MEW) as the top-performing coin of the week.

Brace yourselves, Bitcoin bears! Hong Kong has launched the first inverse Bitcoin ETF in Asia, allowing investors to wager on a potential decline in the cryptocurrency's value.