Express

Analyst: The News Of SEC Suing Ripple Caused $31B Market Cap Of Altcoins Evaporated

Mary Liu

Summary: The unfavorable news of the SEC's lawsuit against Ripple triggered the collapse of the cryptocurrency market, causing the altcoins to evaporate $31 billion in market cap, according to Bitcoin and cryptocurrency analyst Willy Woo's new tweet. Willy Woo continued to point out that among the top cryptocurrencies in market capitalization, ChainLink (LINK) and Cardano (ADA) ...

The unfavorable news of the SEC's lawsuit against Ripple triggered the collapse of the cryptocurrency market, causing the altcoins to evaporate $31 billion in market cap, according to Bitcoin and cryptocurrency analyst Willy Woo's new tweet. Willy Woo continued to point out that among the top cryptocurrencies in market capitalization, ChainLink (LINK) and Cardano (ADA) were most affected by the news, both of their prices fell over 10% after the news spread out.

By Mary Liu

Last Update:

Tags: ,,,,,,,
Link: Analyst: The News Of SEC Suing Ripple Caused $31B Market Cap Of Altcoins Evaporated   [Copy]
Next:

Related Articles

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 3 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 9 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 12 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 13 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 16 days ago

    • You need to login to comment.