Bitcoin, Ethereum, Ripple extend losses in crypto bloodbath

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Crypto market lost nearly 6% in market capitalization, down to $2.121 trillion.

Bitcoin dipped under $54,000 early on Friday as the crypto market suffered a steep correction. Ethereum lost key support at $3,000, erasing gains ahead of the anticipated approval of the Spot Ether ETF. Ripple dropped to its lowest level in fifteen months, down to $0.38 on July 5. Bitcoin , Ethereum and Ripple erased recent gains from 2024. Bitcoin, Ethereum and Ripple update BTC trades around $55,200 early on Friday. The asset erased nearly 5% of its value on the day.

Mt. Gox moving $2.71B BTC In the past 8 hours, Mt. Gox wallets moved 47,229 BTC from the cold wallet 1HeHL. 2701.8 BTC was moved out of Mt. Gox wallets with 1544.7 BTC sent to Bitbank through Gox address 1PKGG, and 1157.1 BTC sent to… — Arkham July 5, 2024 Former Solicitor General Donald Verrilli says that regulators are debanking cryptocurrencies deliberately.


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