FIL dropped to $1.24 as the technical breakdown accelerated on heavy volume, 380% above average.
Filecoin slides 5% alongside major decline in broader crypto market
FIL dropped to $1.24 as the technical breakdown accelerated on heavy volume, 380% above average.
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Bitcoin briefly topped $92,000 on interest-rate uncertainty, while privacy coins hit fresh highs and memecoin activity lifted select altcoins.
The major U.S. stock market averages tumbled about 2% to begin Wednesday following underwhelming economic data.
Institutional investors bought $38.7 billion worth of the spot bitcoin exchange-traded funds in the fourth quarter, filings with the Securities and Exchange Commission revealed.
The crypto exchange's broadening product suite and dominant U.S. market position set it up well for the long term, many analysts said.