It comes amid $1.7 million in Polymarket bets on whether Donald Trump or his family members are behind the DJT token.
Latest News on Altcoins
![Latest News on Altcoins](https://cdn.statically.io/img/web.archive.org/web/20240619082426im_/https://s3.cointelegraph.com/storage/uploads/view/855ce0beb53c5d91f48f8b9aeece9d3d.jpg)
The term “altcoin” refers to any cryptocurrency that has launched since Bitcoin (BTC). In the early days of Bitcoin, developers forked the open-source code to create new currencies. Over time, these Bitcoin alternatives began to diverge further from their progenitor with different supply schedules and privacy features. These include Litecoin (LTC) and Zcash (ZEC), among others.
Along with altcoins came a plethora of Bitcoin–altcoin trading pairs that produced a surge in market activity, with traders leveraging the volatility of these crypto assets for high-risk rewards.
The rise of altcoins and their respective blockchain networks marks an era of experimentation and maturation within the crypto industry, as a wider range of use cases of the technology have become possible.
- News5375
- Market Update
BTC’s price heading under $66,000 costs Bitcoin bulls several daily moving averages — and few see a snap recovery coming next.
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Memecoins are underperforming the crypto market today, which could indicate that traders will pay more attention to BTC and ETH.
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SOL price weakness can be explained by the Solana network’s activity and lack of appetite from derivatives traders.
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The memecoin whale made an over 1,428% return on their initial investment in the TRUMP token.
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Crypto market analysts suggest the altcoin stumble may be tied to a recent spate of spot Bitcoin ETF outflows.
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Trump hasn’t confirmed or denied ties to the DJT token, but a blockchain analytics firm and industry leaders raised doubt that Trump’s team launched it.
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Bitcoin is facing intense selling pressure, but charts suggest strong support at $64,500 and again at $60,000.
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Despite Bitcoin’s sell-off to $65,000, ETH continues to show strength, and bulls appear to be strengthening at the $3,500 level.
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ZK Nation said its Sybil filtering approach was to ensure as many users as possible would get an allocation, but that would inevitably let through some Sybils.
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MRGN Research’s Ben Coverston says the Solana-based MEV bot has made an active effort to date to keep a low profile.
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The billionaire investor also intimated that any political aspirations Gensler had would amount to nothing due to the SEC chair’s stance against cryptocurrency.
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The $100 billion mark took just 10 years with the bulk raised since the COVID-19 pandemic.
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Bitcoin price needs to rise above $68,000 to sustain buying in ETH, TON, UNI, and XMR.
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According to Yi He, “a significant amount of money” was lost when X.com users were tricked by an impersonation scam.
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