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no one’s talking about this 🧠📉 wintermute drama causing $19-20 billion liquidation, market in shambles,
wintermute lawsuit rumors, powell’s rate hints, and spot etf outflows contribute to cryptocurrency market decline: btc at $104,502,
The cryptocurrency market faces a 4.1% drop in the last 24 hours, with Bitcoin, Ethereum, and Dogecoin declining. Allegations of Wintermute preparing to sue Binance added to the downturn after the crash on October 10. Market unease heightened as rumors spread about Wintermute’s potential lawsuit against Binance for losses during the crash, leading to a $19-20 billion liquidation. Wintermute’s founder denied the lawsuit allegations, stating there was no intention to sue Binance. 📉🔥
Factors contributing to the market decline include Wintermute rumors, Fed Chairman Jerome Powell hinting at no further rate cuts, and outflows from spot Bitcoin ETFs. Bitcoin, Ethereum, and Dogecoin are trading lower at $104,502, $3,490, and $0.1618, respectively. This market turbulence is illustrated in a Tradingview.com price chart showing BTC’s impact on the crypto market. 📉💸
Here’s Why Bitcoin, Ethereum, and Dogecoin Prices Are Crashing Again
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