EPISODE · Aug 15, 2024 · 25 MIN
Bitcoin Plunges to $58K as Crypto Market Sheds $80 Billion
from RARE BITS · host beatbroker
Bitcoin's price dropped to $58,000, triggering an $80 billion market cap decline. Confiction Labs unveiled "Proof of Exposure" to fight bots in Web3 gaming, while MetaMask partnered with Mastercard for a crypto debit card. DMarket led NFT sales, and Bitget Wallet hit 30 million users. EigenLayer dominated the restaking sector with $12.9 billion TVL. Eric Trump hinted at a crypto-based real estate lending initiative, and analyst Benjamin Cowen discussed Ethereum's potential market bottom. The crypto industry sought clarity from Kamala Harris, as Toncoin's bullish breakout suggested potential Bitcoin trends. Bitcoin miners' Q2 results varied amid challenging conditions. HOW CAN SUPPORT? SUBSCRIBE: RARE BITS PODCAST WATCH: RAREBITS LIVE YOUTUBE READ: RARE BITS SUBSTACK Follow on X: BEATBROKER RARE BITS LIVE GET SOME MERCH RARE BITS GEAR:RARE BITS MERCH
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Bitcoin Plunges to $58K as Crypto Market Sheds $80 Billion
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