Episode 547
📍 The cryptocurrency market experienced significant turmoil, with Bitcoin's price touching $78,000 and many altcoins underperforming, leading to a market capitalization below 2021 levels.
📍 Solana (SOL) was particularly affected, with a price drop of over 2.5%, while other major cryptocurrencies like Ethereum (ETH) and Binance Coin (BNB) saw smaller price increases.
📍 Despite the market downturn, some cryptocurrencies like Sonic and Berachain saw significant price increases, with Sonic rising over 6% and Berachain increasing by over 3%.
📍 The market volatility was attributed to various factors, including a recent hack and the imposition of tariffs, which have led to increased uncertainty and risk aversion among investors.
📍 The US dollar-pegged stablecoins, such as USDC and USDT, maintained their peg, indicating a flight to safety amidst the market turmoil.
