in the cryptocurrency space from yesterday was the launch of a layer-2 ETH network from Coinbase. The largest US-based exchange tapped Optimism for its new service, which had an immediate effect on the latter’s native token.
OP shot up by 6% minutes after the news broke and kept climbing in the following hours. As such, it broke above $3 and tapped a multi-week high at $3.2. OP is among the very few altcoins in the green today. The rest of the market stands in the opposite corner. Ethereum, Binance Coin, Ripple, OKB, Dogecoin, Shiba Inu, Litecoin, and Tron have all lost up to 2% of value on a daily scale.
MATIC, Cardano, Polkadot, Avalanche, Lido, NEAR, and VET have declined by somewhere between 3% and 7% in a day. The total crypto market cap has shed around $20 billion in a day and sits slightly below $1.1 trillion.
Juicy.
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