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

  • Global Financial Giants Enter Stablecoin Arena in Pivotal Shift 10 days ago
  • CRYPTO'S NEW PLAY: 24/7 STOCK TRADING 11 days ago
  • Gold’s $2.1 Trillion Plunge: Where Is The Smart Money Flowing Next? 18 days ago
  • GAEA Chat Singapore Concludes Successfully - A Recap of the Industry Thought Feast Duri... October 5, 2025
  • U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... October 1, 2025

    • You need to login to comment.