Bitcoin, Ethereum, and major altcoins fall as macroeconomic uncertainty continues to weigh on sentiment.<\/p>\n
The cryptocurrency market slipped on Wednesday for a second consecutive day<\/a>, following Monday\u2019s brief rebound, as investors remain cautious after a tumultuous weekend and recent geopolitical developments.<\/p>\n Bitcoin (BTC<\/a>) is changing hands at $111,000, down 1.5% on the day, while Ethereum (ETH<\/a>) is trading at $3,987, down 3.3%. <\/p>\n Other top tokens also recorded declines: BNB dropped 3.7% to $1,172 after hitting a recent high<\/a> of around $1,370 on Monday. Solana (SOL) fell 2.6% to $197, and XRP declined 2.6% to $2.44. <\/p>\n The total crypto market capitalization dropped 2.4% on the day to $3.85 trillion, with Bitcoin dominance at 57% and Ethereum\u2019s at 12.4%.<\/p>\n The day\u2019s biggest losers included Bittensor (TAO), down 8% to $423; Story (IP), down 6% to $6.33; and Internet Computer (ICP), down 5.9% to $3.34.<\/p>\n Among the day\u2019s top gainers, ChainOpera AI (COAI) rocketed as much as 135% to $20, pushing its weekly gains past 300% and over 4,000% since launching on Sept. 25. Since this morning, the token has cooled slightly to $16, still up 67% on the day. <\/p>\n The dramatic moves have caught the attention of market watchers, with some suggesting on social media that manipulation may be at play. <\/p>\n \u201cWe’re looking at a project from nowhere with a fake AI product and no traction, [that] proceeds to get listed on Binance, Bybit and other CEXs ~2 weeks in, then skyrockets to top 10 cryptos,\u201d writes the popular crypto account @altsteinn in a post<\/a> on X.<\/p>\n The token currently has a market capitalization of just over $3 billion, per CoinGecko data. <\/p>\n In the past 24 hours, over $396 million in crypto positions were liquidated, according to Coinglass<\/a>. Long positions made up nearly $247 million, while shorts accounted for over $149 million.<\/p>\n Ethereum led liquidations with $120 million, followed by Bitcoin at $88 million, and other altcoins at $34 million.<\/p>\n Spot Bitcoin ETFs recorded inflows of over $102 million on Tuesday, reversing two consecutive days of outflows. Similarly, spot Ethereum ETFs attracted more than $236 million, also rebounding after two straight days of declines, according to SoSoValue<\/a>.<\/p>\n The market\u2019s continued downturn comes amid rising geopolitical tensions between the U.S. and nations such as China and Venezuela. <\/p>\n Last Friday, U.S.-China trade tensions flared as President Donald Trump threatened 100% tariffs on Chinese tech imports, following China\u2019s export controls on rare earth minerals.<\/a><\/p>\n Then on Tuesday, a U.S. strike on a vessel off the coast of Venezuela killed six suspected drug traffickers, according to Trump. In a post on Truth Social, the president said the strike targeted a \u201cdesignated terrorist organization\u201d connected to narcotics trafficking.<\/p>\n These developments, which heighten uncertainty in global markets, unfold against the backdrop of a U.S. government shutdown now entering its third week. The Senate is expected to vote for the ninth time this afternoon on a bill that would reopen the government, per CBS<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Bitcoin, Ethereum, and major altcoins fall as macroeconomic uncertainty continues to weigh on sentiment. The cryptocurrency market slipped on Wednesday for a second consecutive day, following Monday\u2019s brief rebound, as investors remain cautious after a tumultuous weekend and recent geopolitical developments. Bitcoin (BTC) is changing hands at $111,000, down 1.5% on the day, while Ethereum […]<\/p>\n","protected":false},"author":2,"featured_media":408239,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-408236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/408236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=408236"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/408236\/revisions"}],"predecessor-version":[{"id":408240,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/408236\/revisions\/408240"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/408239"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=408236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=408236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=408236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}COAI Surges <\/h2>\n
Liquidations and ETF Flows<\/h2>\n
Geopolitical Tensions Heighten <\/h2>\n