Bitcoin’s downward momentum continued Tuesday morning as the cryptocurrency plunged to a three-month low beneath $87,000, as South Dakota followed Montana in pouring cold water on Bitcoin reserve plans.
Other cryptocurrencies were dragged down amid the market meltdown, with Ethereum, Solana, XRP, and Dogecoin dropping by double-digits. Ethereum’s slide was exacerbated by news that its Pectra upgrade hit an unexpected roadblock Monday, when it failed to finalize on the Holesky testnet.
And proving that bad news, like buses, comes in threes, disgraced former FTX CEO Sam Bankman-Fried broke his two-year silence on Twitter to weigh in on—of all things—government layoffs.
DOGE, ETH, SOL, XRP Plunge by Double Digits as Bitcoin Crashes Below $88,000
Bitcoin plunged to a three-month low below $88,000 Tuesday morning, dragging the wider crypto market down with it.
Metaplanet Snaps Up 135 Bitcoin for $96,000 Each—Just Before Price Crash
The Japanese firm nonchalantly added another $13 million worth of Bitcoin to its holdings, hours before Bitcoin's price declined.
Ethereum's Pectra Upgrade Stalls on Testnet With Several Blocks Missed
Developers say the bug was isolated to execution clients, highlighting Ethereum's testnet role in catching issues before mainnet launch.
Sam Bankman-Fried Breaks Silence on Twitter, Rants About US Government Layoffs
His Monday evening posts have sparked curiosity among crypto industry insiders who have closely followed him since FTX’s notorious collapse.
From our partner
Track. Reward. Grow.
With Absolute Labs Web3 CRM, you can engage and scale your community, manage KOLs and whales more effectively, and drive deeper brand connections in Web3.
“I have a lot of sympathy for gov’t employees: I, too, have not checked my email for the past few (hundred) days
And I can confirm that being unemployed is a lot less relaxing than it looks”
Disgraced former FTX CEO Sam Bankman-Fried breaks his two-year silence on Twitter
🌐 From Our Hubs
🎮️ GG: Ethereum Game 'Nifty Island' Now Lets Creators Drop AI Agents Into 3D Worlds
The user-generated Web3 metaverse is getting an infusion of artificial intelligence.
🤖 EMERGE: Musk’s DOGE to Use AI in Federal Job Review: Report
AI could determine the fate of federal workers under Musk’s job evaluation plan, raising concerns of bias in the technology.
🎭️ SCENE: Coinbase’s Political Spending Leads to Legal Victories—And Billions in Value
Since doubling down on political spending last year, crypto exchange Coinbase has reaped major wins, including a claimed SEC agreement to drop charges.
📚 Watch and Learn
📹️ WATCH: Roland Emmerich Chats New Sci-Fi Show 'Space Nation,' Bitcoin, and AI
“Independence Day” director Roland Emmerich and Marco Weber join Decrypt to discuss their in development TV show based on crypto game 'Space Nation Online.'
🎓️ LEARN: What Is the Pectra Upgrade? Inside Ethereum’s Future Roadmap
Ethereum’s Pectra upgrade boosts scalability, staking, and gas payment options with significant tech enhancements.
