【Earlyノ☀—Thursday—10.16】
#二级, the cryptocurrency market is down, with a total market cap of about $3.85 trillion, down 2.59% in 24 hours.
Bitcoin (BTC) is around $111,660, down 1.85%; Ethereum (ETH) is around $3,817, down 2%. Major coins are generally down, with SOL and XRP down 2-3%. Trading volume is about $24.1 billion.
Why the drop: Escalating trade tensions between the US and China (Trump tariffs, China restricting South Korean shipyards) have triggered panic selling, wiping out hundreds of billions in market value; compounded by leveraged liquidations and ETF outflows.
#一级, conspiracies are starting to emerge, currently there is a strong diversion between BN exclusive and four, and the popularity of BSC is indeed declining.
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