After a sharp sell-off Tuesday, crypto markets are stabilizing, though continued dollar strength could extend downside pressure.
Crypto Markets Today: Altcoins Struggle as Bitcoin Tests Key $100K Support
After a sharp sell-off Tuesday, crypto markets are stabilizing, though continued dollar strength could extend downside pressure.
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Six hacker wallets dumped ETH during the Oct. 10 market crash, then rebought at higher prices, amplifying losses.
The move also lifted the floor price of Pudgy Penguin NFTs and increased volume by nearly 690%.
Crypto bulls who have theorized that bitcoin can't begin rising until money flows out of red-hot precious metals are about to find out if they were correct.
BTC only mounted a modest bounce from the overnight lows, while BNB hit a new record high and ETH, SOL rebounded 6%-7%.