Crypto market continues to slide, with $BTC breaking below $110K and $ETH below $4K. As of now, $BTC is trading at $108,204 and $ETH at $3,894, while Bitcoin dominance stands at 59.51%.
JPMorgan said the recent market correction was likely driven by crypto-native investors unwinding leveraged positions in perpetual futures, while ETF flows and institutional holdings stayed relatively stable, indicating limited traditional investor involvement.
A few other headlines include: YZi Labs’ investment in Temple Digital Group—the developer of Canton Network’s first native trading platform, Andreessen Horowitz’s $50 million investment in Solana staking protocol Jito, and a Florida proposal to allow bitcoin and ETFs in state and pension fund portfolios.
During the last 24 hours, the top three gainers were $COAI, $DEXE, and $ZORA, while the top three losers were $SNX, $ZEC, and $ATH.