CryptoDisaster

Is THORChain on the verge of collapse? Word on the street is that RUNE might be drowning in debt—$199M in liabilities, and they’ve suddenly frozen BTC & ETH withdrawals! Insiders whisper that this 'pause' is just buying time before things go south. Could this be another DeFi disaster in the making? Investors are getting nervous… what’s really going on behind the scenes?

#runecoin #Rune #cryptodisaster

$RUNE
$BTTC
$AIXBT

The cryptocurrency market has experienced a significant downturn recently, with $BTC price currently at $84,870, reflecting a 24% decrease from its January peak of $109,350. $ETH has also declined to $2,309.60, down 37% from its previous close. Several factors have contributed to this decline:

1. Major Security Breaches: A notable incident involves North Korean-linked hackers stealing $1.5 billion worth of Ethereum from the Dubai-based exchange Bybit. This event has raised concerns about the security of crypto assets and has led to increased regulatory scrutiny.

2. Policy and Economic Uncertainty: President Donald Trump's administration has introduced unexpected policies, including the imposition of a 25% tariff on imports from Canada and Mexico. These actions have created economic uncertainty, affecting investor confidence in various markets, including cryptocurrencies.

3. Meme Coin Volatility: The rise and subsequent crash of meme coins, such as the $TRUMP coin launched by President Trump, have contributed to market instability. These coins experienced initial surges followed by sharp declines, leading to significant losses for investors and a broader impact on the crypto market.

These events, among others, have collectively led to a loss of over $800 billion in the cryptocurrency market in recent weeks, deepening the current slump.

#BybitForensics
#CryptoDisaster
#bitcoin
#BTC
#MarketSentimentToday