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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...

According to cryptocurrency Analysis firm LookOnChain, an Ethereum (ETH) investor withdrew 17,135 ETH, worth more than $40 million, from staking. The investor has deposited 16,750 ETH, worth roughly $39.75 million, to Kraken. LookOnChain said the ETH whale sold 5000 tokens worth $11.7 million on Oct. 3, 2024. Also Read: Urgent: USD Collapse, Jack Mallers & Elon Musk Warn of U.S. Bankruptcy! An $ETH withdrawer sold another 5,000 $ETH($11.74M) today! This whale has withdrawn 17,135 $ETH($39.75M) from staking and deposited 16,750 $ETH ($53.66M) into #Kraken since Mar 12.https://t.co/J3BEB35Zj2 pic.twitter.com/012Kq1pKaU — Lookonchain (@lookonchain) October 3, 2024 Ethereum Dips Amid Sell-Off The whale’s recent sale coincides with ETH’s current market dip. The asset has fallen 10.1% in the weekly charts, 6.3% in the 14-day charts, and 0.4% over the previous month. Despite the correction, ETH has gained 2.2% in the last 24 hours and 45.3% since October 2023. Source: CoinGe...