With the controversy surrounding Libra and other top coin dips, Solana continues to bleed, and Bitcoin has been dropping to its lowest price in weeks.
The cryptocurrency market was in a red state on Tuesday. Bitcoin fell below $95000 in a few weeks, reaching its lowest price, while other major assets such as Solana, Doggy, XRP, and BNB also suffered losses among the top 10 coins.
The current price of Bitcoin is $94202, although it is decreasing by 1.5% per day and over 2% per week, it does mark the lowest price of the coin since February 3rd, according to Co Ringeco on February 3rd
The humble decline of BTC has become even more difficult with the decline of other major coins - especially Solana, the controversial chain launch of Libra's meme coin, and the promotion of Argentine President Javier Milei on X (formerly known as Twitter) last Friday.
After Libra plummeted nearly 90% in value, Miley deleted his promotional tweet and claimed he knew nothing about the project. Compared to the cryptocurrency world, the launch has become a huge scandal, with Miley being accused of fraud over the weekend as Argentina's stock market plummeted on Monday.
Solana's own Sol token suffered a significant blow in negative headlines, dropping over 9% on the last day and exceeding 18% last week. So far, this is the biggest loser among the top 10 coins in terms of market capitalization in two time windows.
The other places in the top ten saw a 7% drop in Cardano on the last day, while XRP, Dogecoin, In this span, Binance Coin (BNB) falls by approximately 6% per person. Ethereum dropped by almost 5% on the last day.
Crossing the top 100 coins, the biggest loser on the last day was the coins related to Solana Solana's decentralized exchange Jupiter (JUP) and Raydium (Ray), which fell 17% and 15% respectively.