Crypto News

However, amidst the chaos, there are still some bright spots in the industry. Let's take a closer look at what's been happening in the world of crypto. Bitcoin (BTC) Struggles to Stay Above $30,000 The world's largest cryptocurrency by market capitalization, Bitcoin, is currently facing a major hurdle as it struggles to stay above the $30,000 mark. After reaching an all-time high of nearly $65,000 in April, BTC has seen a significant decline in value, dropping by over 50% in the past few months. This has caused panic among investors and has led to a sell-off in the market. Ethereum (ETH) Holds Strong Support Levels While Bitcoin has been struggling, Ethereum has managed to hold strong support levels and has even seen some gains over the past week. The second-largest cryptocurrency by market cap has been boosted by the growing popularity of decentralized finance (DeFi) and non-fungible tokens (NFTs). This has led to increased demand for the ETH t...