The cryptocurrency market meltdown continued on Thursday as fears of rising inflation and potential rate hikes weighed on investor sentiment Cryptocurrency24-Hour Gains +/-Price (Recorded at 9:35 p.m.
EDT)Bitcoin (CRYPTO: BTC)-2.45%$59,273.96Ethereum (CRYPTO: ETH) -3.68%$1,558.39XRP (CRYPTO: XRP) -4.04%$1.02Solana (CRYPTO: SOL) -0.71%$67.16Dogecoin (CRYPTO: DOGE) -3.11%$0.07384 Crypto Market Turns Bloody Red Bitcoin's descent showed no signs of slowing down, as the apex cryptocurrency fell below $59,000.
Ethereum plummeted to an intraday low of $1,531, while XRP and Dogecoin extended their losses.
Cryptocurrency-related stocks were sent crashing down, with Strategy Inc.
(NASDAQ:MSTR) and Bitmine Immersion Technologies Inc.
