Major cryptocurrencies slumped on Friday with bitcoin, ether and dogecoin falling up to 10% amid continued consolidation and low volatility, as bulls and bears continued to fight for domination over the crypto market. He also launched a poll asking users how low bitcoin can go below $30,000. Meanwhile, the world’s second-biggest cryptocurrency, ether, was down over 8% at $2,183 today, while Shiba Inu-based meme crypto dogecoin slumped as much as 10%. The sentiment in the crypto market further took a hit after shorts on cryptocurrency exchange Bitfinex spiked 160%. In another negative news for the crypto market, the Securities and Exchange Commission (SEC) on Wednesday extended its review of SkyBridge Capital’s application for a bitcoin exchange-traded fund.

Source: Mint July 08, 2021 11:35 UTC