Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
PlusToken
The Effects and After-Effects of the PlusToken Scam
Any area that involves cryptocurrency is usually linked to a scam. But none affected and is still affecting the market like the PlusToken scam. Let us follow up on one of the biggest events in the history of cryptocurrency. What was PlusToken? Sometimes called the “Biggest Scam in the History of Cryptocurrency,” the PlusToken Scam shook the entire crypto market. The remnants of the scam can be felt to this date. Building upon a Ponzi scheme's age-old tactics, the people…
5 years ago
PlusToken Scammers Could be the Reason for Recent BTC Price Crash
On Sunday, BTC saw its worst daily loss since September 2019, declining from $8,900 to $8,000, almost a 10% decline. The decline has continued today, currently trading at $7,705according to CoinMarketcap. Although the price drop was parallel to a lousy day in trading traditional stock, analysts claim that there could be more factors driving the BTC crash. For instance, a trader named Kevin Svenson on Twitter claimed that this sudden crash could not be attributed to sell-offs since the market…
5 years ago