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Tag Archives: Altcoin News

Ethena’s USDe Faced Nearly $100M in Redemptions This Week, Marking Crucial Synthetic Dollar Stress Test

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Bitcoin Falls Below $61,000, Taking Altcoin Prices Down With It

The largest cryptocurrency, bitcoin, dropped to price levels below $61,000 from highs of over $65,000 within 24 hours. The asset also nearly peaked past $70,000 earlier in the week. This drop comes despite a US jobs report showing that only 144,000 jobs were added in the past month, a factor that should have caused the asset’s price to rise. News like that often pushes risk assets like stocks and crypto into the green territory. Massive tech stocks also observed losses on Friday, regardless...

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