Danila
@danilabodrov
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ZKJ Token Plummets More Than 60% in Flash Crash Amid Rug-Pull Allegations
On June 15, ZKJ, the native token of Polyhedra Network, suffered a sudden and steep collapse, plunging more than 60% from $1.98 to a record low of $0.7625 in just under two hours.
ZKJ Revival Short-Lived
On June 15, ZKJ, the native token of Polyhedra Network, suffered a flash crash, plummeting by more than 60% in less than two hours. What began as a sudden drop from $1.98 cascaded to an all-time low of $0.7625, according to Coingecko data. While the token showed a fleeting sign of recovery, briefly surging to $1.41, this rally proved short-lived. At the time of writing ( June 15, 12:40 p.m. EST), the Polyhedra Network native token had retreated once more, languishing just below the $0.80 mark.
https://news.bitcoin.com/zkj-token-plummets-more-than-60-in-flash-crash-amid-rug-pull-allegations/ 0 reply
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Crypto Today: Bitcoin, Ethereum, XRP mute reaction to US-China trade agreement
The cryptocurrency market is generally holding onto most of the gains accrued during the euphoric rally on Monday, when Bitcoin (BTC) cracked the resistance at $111,000 to post weekly highs at around $110,516. Meanwhile, the largest digital asset by market capitalization hovers at $109,274 at the time of writing on Wednesday, down over 0.5% on the day as investors digest the aftermath of the trade talks between the United States (US) and China.
Leading altcoins, including Ethereum (ETH), Ripple (XRP) and Solana (SOL), are clinging to most of the gains accrued this week. However, they face a lack of trader conviction to keep the uptrend steady, plausibly awaiting a delayed reaction to the trade agreement between the US and China.
https://www.fxstreet.com/cryptocurrencies/news/crypto-today-bitcoin-ethereum-xrp-mute-reaction-to-us-china-trade-agreement-202506111200 0 reply
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Analyst Calls Out Bearish Crash For Bitcoin – Here’s The Target
The Bitcoin price is still trading above $100,000 and remains quite close to its all-time high levels of $111,900. However, this has done nothing to dissuade the bearish sentiment that continues to ravage the crypto market. Altcoins, in particular, have suffered the most, with seemingly no end in sight to the decline. Given the current market sentiment, a crypto analyst has given the reason behind the Bitcoin price bearishness, despite still being above $100,000.
Why The Bitcoin Price Is Still Bearish
In an analysis, crypto analyst Anup Ziddi pointed out the reason that the Bitcoin price might continue to see bearish tendencies from here. The first is the fact that the leading cryptocurrency by market cap continues to trade below an important level, which is sitting at $107,000.
https://bitcoinist.com/bearish-crash-for-bitcoin/ 0 reply
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