Tensions Rise Amid The Crypto Market Crash<\/span><\/h2>\nCrypto enthusiasts have continued to believe that the market will bounce back<\/strong>. Many believed that the market had touched the low in mid-May<\/strong>. However, the concerning financial developments in the global sector have forced the market to stay bearish<\/strong>. Not only Bitcoin but the altcoin market is also suffering from significant double-digit percentage losses<\/strong>. Moreover, the dominance of Bitcoin has decreased to 46.30%<\/strong>.<\/span><\/p>\n<\/p>\n
The leading altcoin of the market, Ethereum<\/strong>, is valued at under $1,200<\/strong> after a daily decrease of 21%<\/strong>. Alongside ETH, Cardano, Ripple, Dogecoin, Solana, Tron, and Avalanche<\/strong> have also lost a major portion of their value. In the list of top cryptocurrencies, there is rarely a coin that has not bled severely<\/strong>.<\/span><\/p>\nIn the latest market developments, Tron\u2019s stablecoin, USDD<\/strong>, has lost its pegging to $1 by 1%<\/strong>. However, users are speculating on a further crash<\/strong> in the stablecoin. They are comparing it with the performance of Terra\u2019s stablecoin, UST<\/strong>. As a result, TRX<\/strong> is also facing selling pressure<\/strong> from investors and traders.<\/span><\/p>\nThe market is currently undergoing a critical phase<\/strong>. The sliding price of Bitcoin is raising many eyebrows<\/strong> in the crypto community. It is yet to be seen where Bitcoin will bottom out<\/strong> and will the market bounce back any time soon or not. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"At the start of this week, the crypto market suffered a huge blow. Top cryptocurrencies of the market plunged severely, as millions of investors were liquidated. The most popular crypto token, Bitcoin, went below $25,000. Moreover, the systematic risks within the crypto market are still hinting toward more collapse in the coming days. This has … <\/p>\n
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