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While waiting for new tariffs from Trump, Bitcoin is trying to hold at the $84,000 level.
Bitcoin is trading at $84,334 and Ethereum at $1,861. The total value of the cryptocurrency market is $2.67 trillion. Bitcoin's market value is $1.67 trillion, while Ethereum's market value is $224 billion. Yesterday, there were outflows of $157.8 million in spot Bitcoin ETFs and $3.6 million in spot Ether ETFs. The bulletin prepared by the CoinTR Research Department discusses significant developments in the cryptocurrency sector.
The market maker's move hit altcoins: ACT lost more than 40% in 15 minutes.
Yesterday, sudden drops in some altcoins within just 15 minutes caught attention. The most severe loss among these altcoins was seen in the ACT token, which dropped over 40%. This sharp decline in a short time frame triggered panic selling in the market. According to the data presented in the visual, projects like DEXE, HIPPO, and DF also experienced double-digit declines. On-chain data reveals that the sharp drop in the ACT token was driven by the market maker firm Wintermute. High-volume sales occurring through Raydium led to a sharp pullback in the ACT price, and it is believed that the firm could also impact other projects it collaborates with, not just ACT. Following these developments, the CEO of DWF Labs announced that a possible rescue plan and buyback process could be initiated for the affected projects.