Bitcoin

Ethereum

In August, the crypto market witnessed an exceptional decline, with <a href="https://optimisus.com/news/crypto-news/xrp-on-the-precipice-price-dips-as-community-awaits-sec-meeting-outcome/" rel="noopener noreferrer nofollow">XRP suffering a substantial decrease of 19.57%</a> and liquidations amounting to $1.11 billion.The worldwide crypto market has experienced a depreciation of more than $500 billion, representing a 16% decrease over one year. The Japanese stock market has also undergone a decline, while the S&amp;P 500 encountered a 4.4% decrease.The scheduled private meeting between officials from the Securities and Exchange Commission (SEC) and <a href="https://optimisus.com/news/crypto-news/xrp-sees-a-surge-in-open-interest-amidst-its-ongoing-legal-battle-with-the-sec/" rel="noopener noreferrer nofollow">Ripple</a> was abruptly canceled, causing a sense of uneasiness within the community.The performance of XRP has been exceptionally poor, experiencing a sharp decline of 24% in the past week and 17% in the last 24 hours. The current reading of the Crypto Fear &amp; Greed Index reflects a state of “Extreme Fear,” suggesting caution and discouraging significant investments in these turbulent times.Bitcoin and Ethereum have both been significantly affected, with Bitcoin temporarily falling below $49,100 for the first time since February, and Ethereum witnessing a sharp decline of 23% in only one day. The scenario has caused the crypto community to feel apprehensive.

XRP has drops over 33% over the past week and 20% in the last 24 hours

Optimisus

Other articles published on Aug 5, 2024

Icebreaker Secures $5M Seed Funding to Build Blockchain Alternative to LinkedIn

Ferrari to Extend Cryptocurrency Payments to Europe by July End

XRP Ledger Devs Outraged Over Edited Clip By Ripple: Here’s What Happened

What is Duko Memecoin?

Billion-dollar Crypto Crash Combined with Japanese Market Collapse – What’s next?

Will Bitcoin Prices Skyrocket Soon?

Join our free newsletter for daily crypto updates!