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Crypto Bloodbath: Did Coinbase’s Glitch or Ripple’s Legal Drama Trigger the Sell-Off?
Crypto Bloodbath: Did Coinbase’s Glitch or Ripple’s Legal Drama Trigger the Sell-Off?
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Crypto markets are tanking hard today—BTC down 7%, ETH off 9%—and fingers are pointing in two directions. First up: Coinbase’s trading engine choked during peak volatility (again), locking users out as liquidations piled up. Classic ’infrastructure-ready’ exchange behavior.
Then there’s Ripple. The SEC case took another weird turn with rumors of a delayed settlement—because nothing says ’regulatory clarity’ like dragging a lawsuit into its fifth year. XRP holders are dumping bags, dragging altcoins down with them.
Truth is, markets were overdue for a correction after that reckless meme-coin rally. But hey, when in doubt, blame the CEXs and lawyers—Wall Street does it, why can’t we?
The cryptocurrency market is facing a rough day. The total global crypto market cap has dropped to $3.39 trillion, showing a 3.9% fall in the last 24 hours. The 24-hour trading volume has dropped to $97.6 billion. Bitcoin dominance is now 60.3%, and Ethereum holds 8... Read More
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