Release: 2024/07/17 02:47 Reading: 264
Bitcoin Price Volatility: Surge and Drop Following Mt. Gox News
Bitcoin's price surged to over $65,000 briefly before experiencing a sharp drop of over $2,000 following news regarding Mt. Gox.
Altcoins Surge, Led by Meme Coins
In contrast to large-cap altcoins which have declined, meme coins have emerged as strong performers. Pepe Coin (PEPE) has surged by 16%, OM has shown a similar rise, while Dogwifhat (WIF) and Floki Inu (FLOKI) have increased by 14% and 13%, respectively, in the past day.
Market Overview
Despite the downturn in certain areas, the overall cryptocurrency market capitalization remains above $2.4 trillion, though it has decreased by $50 billion from its peak earlier in the day.
Disclaimer:
Please note that this article is for informational purposes only and not intended as legal, tax, investment, financial, or other advice.
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