Market Dynamics:
Bitcoin prices have plummeted significantly, leading a host of altcoins to collectively decline, resulting in a gloomy cryptocurrency market. Meanwhile, U.S. stocks have also entered a downward trend, with Tesla leading the decline. Notably, Elon Musk and Donald Trump have publicly split, which may have potential implications for market sentiment.
Market Highlights:
- Stablecoin Giant's Impressive IPO: The parent company of stablecoin Circle successfully listed on the U.S. stock market, with its stock price soaring on the first day, raising its market value to $18 billion, far exceeding the previous expectation of $7 billion, becoming a recent market focus.
- Old Coin RVN Revives: The veteran cryptocurrency RVN has recently performed well due to its successful listing on the well-known South Korean exchange Upbit, causing its price to rise accordingly and sparking market discussions.
- New Coin CUTIS Emerges: The new coin CUTIS continues to rise, with its current market value reaching $100 million. This token has just been listed on the BN Alpha exchange and, as a cryptocurrency wearable application token on the Solana chain, its unique application scenario has attracted considerable investor attention.
- Meme Coin's Turbulent Changes: The meme coin Fartcoin has successfully climbed to Coinbase, causing its price to rise; meanwhile, the politically themed meme coin KBBB has experienced a rollercoaster market, with its price quickly soaring to 5000wu before significantly retreating, suspected of being manipulated or subject to conspiracy trading.
