The cryptocurrency market went through one of the largest crashes in years but managed to chart an impressive recovery as well. This week saw one of the most dramatic crashes in the cryptocurrency market—one that we hadn’t seen since the collapse of FTX in November 2022. What is even more interesting was the epic recovery of the majority of coins in the following days. Ultimately, the market ended up losing some $70 billion of its total capitalization, but it could have been much, much worse.

Massive Bitcoin and Crypto Crash and Epic Recovery: This Week’s Recap

The Independent

Bitcoin is experiencing its worst price crash since 2022, falling more than 10 per cent on Monday morning to hit a six month low.The world’s leading cryptocurrency dropped below $50,000 (£39,000) for the first time since February before recovering to $52,000 at the time of writing.The sudden plummet comes after one of the most positive periods in bitcoin’s history, having rallied to a record-breaking $74,000 in March and remained close to that level until this weekend.Other leading cryptocurrencies have suffered even greater losses, with Ethereum (ETH), Binance Coin (BNB), Cardano (ADA) and Solana (SOL) all falling by around 15 per...

Bitcoin price in free fall as crypto market crashes

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

101.2 Million XRP in 24 Hours — What's Happening?

In the dynamic world of cryptocurrencies, the names Dogecoin (DOGE), Shiba Inu (SHIB), and the new contender, Mpeppe (MPEPE), have been generating significant buzz. These tokens, each with its unique features and dedicated community, are poised to create more millionaires than ever before. Here’s a detailed look at why these three cryptocurrencies are in the spotlight.

DOGE, SHIB and MPEPE Set To Make More Millionaires Than Ever Before

Irvine, CA

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NewSantaAna

On June 27, a pair was spotted roaming hospitals on Alton Parkway , where multiple victims reported their wallets had been stolen, according to the Irvine Police Department . The victims later found fraudulent charges on their bank accounts, including transactions at the Target on Jamboree Rd.

Two suspects stole wallets at Irvine hospitals then used the credit cards at a Target store

Prominent chartist Peter Brandt believes SOL is to make big price jump against ETH soon. Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Legendary Trader Peter Brandt: SOL 'Clear Winner' Against ETH

In a dramatic turn of events, Solana (SOL) has experienced a steep 40% decline in just 48 hours, highlighting a significant downturn amid current market volatility. This sharp drop underscores concerns about the asset’s stability and raises questions about its future performance as it contends with ongoing market instability. With technical indicators suggesting a bearish trend and a broken support level, investors are left uncertain about Solana’s recovery prospects.

Solana (SOL) Drops 40% in 48 Hours, Experts Recommend a New Investment Alternative for Your Portfolio in 2024

Markets Insider

Investors betting on a second Trump presidency expect an easier regulatory environment and more corporate M&A activity.

Stock market today: Dow closes at a record as market bets on Trump after assassination attempt

Georgia State

Douglas, GA

Daily Coffee Press

Last week, a 32-year-old was arrested on trafficking charges after allegedly fleeing from a traffic stop and abandoning the vehicle with a child in the passenger seat. The chase resulted in the discovery of 230 grams of methamphetamine, which the suspect allegedly threw out while fleeing on foot. According to local detectives, the vehicle the suspect was driving was registered to NFL football player Tyreek Hill.

Man Driving Vehicle Registered to Tyreek Hill Arrested on Drug Trafficking Charges in Douglas

The price of XRP, the native token of the XRP Ledger, has recently seen a surge of over 20% to surpass the $0.6 level amid a wider cryptocurrency market recovery, with akey candlestick formation appearing ahead of that surge. According to popular cryptocurrency analyst Dark Defender, who shared an XRP...

Déjà vu? XRP Price Chart Forms Candlestick Pattern Last Seen Ahead of 110,000% Rally

Florida State

Jacksonville Today

Gov. Ron DeSantis has issued a state of emergency in Northeast Florida and across much of the state as a tropical system appears almost certain to develop. The National Hurricane Center said Friday morning that a tropical wave has a 90% chance of developing into at least a tropical depression over the next seven days. Most models show it moving into the Gulf of Mexico and then coming ashore and crossing the state, possibly moving over Northeast Florida.

Tropical system is nearly certain to develop

The stock market’s benchmark index, the S&P 500, has erased $1.2 trillion of its market capitalization since its daily high in just four hours after falling “in a literal straight line lower.”. That’s according to the economics outlet Kobeissi Letter, which noted on the microblogging platform X (formerly...

Market Bloodbath: S&P 500 Crashes $1.2 Trillion in Hours as Recession Fears Soar

The Motley Fool

Cardano may be down 34% for the year, but there's still time to turn things around.

3 Reasons Cardano Could Bounce Back in the Second Half of 2024

Shiba Inu has experienced interesting price action in the past few days alongside market tensions across various industries. As highlighted recently by NewsBTC, a significant bearish trend in the stock market has extended its influence into the cryptocurrency space, and SHIB wasn’t left behind. As such, the meme token fell to $0.00001088, which is its lowest point in over six months.

Smart Whale Buys Hundreds Of Billions Of SHIB Following Crash

Not many in the industry anticipated the Bitcoin crash last week or how far it will eventually go. However, crypto analyst Ali Martinez is one of the analysts who expected another crash, and had seemingly managed to predict where the price would eventually bottom. Following his correct prediction, Martinez has now revealed where he expects the BTC price to be headed next.

Analyst Who Predicted Bitcoin Crash To $54,500 Reveals Where Price Is Headed Next

Savannah, GA

Newly returned indictments in the Southern District of Georgia include felony charges for illegal firearms possession and drug distribution, while additional defendants have been sentenced to federal prison or await further proceedings after pleading guilty to federal gun charges.

Federal Charges in Southern GA: Indictments and Sentences for Firearms and Drug Offenses

Los Angeles, CA

L.A. TACO

Last month, the Los Angeles Police Department (LAPD) released video footage that shows a veteran LAPD officer chasing a young man through a Pacoima housing project before fatally shooting him in the back as he ran away.

20-Year-Old Fatally Shot in The Back By LAPD Officer in Pacoima Projects

The US Securities and Exchange Commission (SEC) has signaled it will not appeal Wednesday’s ruling by Judge Torres in the legal battle with Ripple. The case concluded on August 7 with the company facing a civil penalty significantly less than the SEC originally demanded. Judge Torres’s decision mandated a...

Big News For Ripple: SEC Signals No Plans To Appeal Ruling

As the government works to create a more ordered legal environment for crypto assets, Turkey is seeing an increase in applications for digital currency licenses. This trend, which is fueled by a combination of legal clarity and economic considerations, shows how eager cryptocurrency companies are to operate in the country.

Crypto Craze In Turkey: License Requests Soar Amid Regulatory Changes

While Bitcoin and top altcoins are stable at press time, the sharp liquidation from the weekend to August 5 led to a major shakeout. Billions of leveraged positions were liquidated, and prices are technically under pressure despite the current stability. Global Liquidity Set To Rapidly Rise: Will Bitcoin Benefit?. Still,...

Bitcoin Attractive, US Fed To Soon Begin Adding $30 Billion Every Month: Will BTC Fly?

NewsBreak

WIF, POPCAT, and MUMU Lead The Meme Rally After The Crash

The recent crisis caused quite a concern among investors. Thankfully, it didn’t last long, so this time, we could see improvement in prices the very next...

WIF, POPCAT, and MUMU Lead The Meme Rally After The Crash

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