#DeFiGetsGraded - Follow the latest developments in the world of cryptocurrencies around the clock, today, August 12. Market movements, crypto news, and more!
The cryptocurrency market is showing a bearish signal today, with most sectors experiencing declines after recent gains. Artificial intelligence led the losses with a sharp 7.20% decline, driven by double-digit declines in Virtual Protocol, ai16z, and Fartcoin. Bitcoin fell more than 2% to $118,000 after temporarily surpassing the $122,000 mark, while Ethereum fell 0.70% to below $4,300. Other sectors, such as decentralized finance (DeFi) and meme coins, also saw notable declines, although some coins like SOON and Pump.fun bucked the trend and posted double-digit gains.