The cryptocurrency market experienced a devastating “crypto bloodbath” this week as Bitcoin tumbled to a low of $26K – a nearly 25% crash from its all-time high – and XRP led the altcoins in its descent.
Bitcoin, the world’s leading cryptocurrency, is plummeting towards the $30K mark amidst market turbulence. Simultaneously, KAVA, a blockchain platform, has suffered a staggering 12% crash in its daily value. This unsettling development raises concerns about the stability of digital currencies in the current market climate. Investors must closely monitor these developments as they navigate the volatile crypto landscape.