Bitcoin slumps 10% to trade at $54,333, heaviest weekly loss since FTX collapse, crypto market sell-off at $760 million

Bitcoin slumped over 10 per cent at one point before paring some losses to trade at $54,333 on August 5. The cryptocurrency has shed 13.1 per cent over the past seven days — its worst week since the FTX collapse in 2022.

“India boasts a strong foundation in the Web3 sector, with a rapidly growing developer community that has expanded from 3% of the global pool in 2018 to 12% in 2023. The country's ecosystem is diverse and dynamic, home to over 1,000 Web3 startups,” said Maradiya.

www.cifdaq.com
https://newzchain.com/cifdaq-founder-maradiya-on-india-web3-growth-despite-challenge/

Bitcoin dominates the cryptocurrency landscape and is widely known among crypto investors. As the largest cryptocurrency in the world, it achieved a new all-time high of $73,750 on March 14, 2024. However, BTC has been undergoing corrections for some time now.

www.cifdaq.com
https://www.forbes.com/advisor/in/investing/cryptocurrency/why-bitcoin-is-falling/

The cryptocurrency market experienced a downturn, with the total market capitalization dropping from $2.51 trillion as of May 2024 to $1.95 trillion as of August 6, 2024. The market volume in the last 24 hours has fallen by 13.13%. Bitcoin, the largest cryptocurrency

www.cifdaq.com
https://www.forbes.com/advisor/in/investing/cryptocurrency/why-crypto-market-is-down/

An industry analyst tells Forbes that a six-fold return on investment in Shiba Inu remains an outlook for 2024.

In recent weeks, the price of Shiba Inu has been unimpressive as it struggles through the recovery phase from the recent collapse. Shiba Inu hovers around $0.00001409, increasing by 2% in the last 24 hours.

www.cifdaq.com
https://thecryptobasic.com/2024/08/10/top-analyst-tells-forbes-shiba-inu-still-has-potential-to-surge-610-this-year/