24 Hour Crypto Market Recap: Here’s What Happened

• Bitcoin slipped to $61.5K as the crypto market cap fell to $2.12 trillion.
• MIM stablecoin loses peg while leveraged ETH traders face heavy losses.
• BlackRock moved $257M in BTC and ETH to Coinbase, drawing market attention.

Bitcoin fell to around $61,500, down 2% in the past 24 hours, while Ethereum traded near $1,648 with a 1.4% daily loss. XRP slipped below $1.10, Solana fell to $69, and Dogecoin dropped more than 2.5%.

The broader market also weakened. Total crypto market capitalization declined to $2.12 trillion, down 1.5% over 24 hours. Market sentiment remained firmly bearish, with the Crypto Fear & Greed Index sitting at 18, a level classified as extreme fear.

Meanwhile, behind the scenes, institutions and traders have been actively making moves, some losing while others aim for the long run.

Stablecoins, Leverage Traders Face Heavy Pressure

One of t…

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