Chain News Daily Official TheBitTimes.com

The cryptocurrency markets have lately been undergoing unpredictable upheavals. The markets, otherwise known to be volatility-prone, are showing their usual course of ebb and flow. However, the recent Bitcoin crash has turned the usual market course upside down. Bitcoin fell $110K dramatically after a whale dumped nearly 24000 BTC, causing the markets to correct themselves organically. Also Read: The Philippines Proposes Strategic Bitcoin Reserve to Tackle Debt Bitcoin Crashes to $110K: Here’s What Happened. Source: NASDAQ Occasionally, there are instances that even the markets cannot predict in the long run. These instances are never planned and are as organic as they come, but end up changing the market course from time to time. In one such instance, a noteworthy BTC whale ended up dumping nearly 24000 BTC tokens, causing the markets to experience volatility at their best. This massive token dump led the markets to witness a sharp correction, with Bitcoin falling back to $110K. ...

The cryptocurrency market seems to be facing a major correction. Dogecoin (DOGE) and Cardano (ADA) have registered substantial price dips in the last 24 hours. Dogecoin’s (DOGE) price is down 11.9% in the daily charts, but has maintained gains in the other time frames, as highlighted by CoinGecko’s DOGE data. Source: CoinGecko ADA, on the other hand, is down 9.8% in the last 24 hours. Like DOGE, ADA is also in the green zone in the other time frames. Source: CoinGecko Why are Dogecoin, Cardano, and Other Cryptocurrencies Down Today? Source: CoinMarketCap The cryptocurrency market experienced one of its most significant rallies in recent times, earlier this month. Bitcoin (BTC), Binance’s BNB, and Ripple’s XRP hit new all-time highs amid a market-wide surge. The current dip could be due to investors booking profits after the recent upswing. According to CoinGlass data on BNB, almost $908.48 million was liquidated from the crypto market in the last 24 hours. Also R...