Here is what happened yesterday in the crypto market:
Market Turmoil as Tariffs Weigh Down Crypto
Amidst a sea of red in the crypto market, renewed trade tensions and regulatory changes are causing significant sell-offs across major cryptocurrencies, affecting investor sentiment.
Coinbase Approved to Operate in the UK
Crypto exchange Coinbase (COIN) has become the largest crypto exchange in the U.K. after securing registration with the Financial Conduct Authority (FCA), enabling it to offer its services to UK clients.
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India Reassesses Crypto Regulations
The Indian government is reevaluating its position on cryptocurrencies as global policies evolve, influenced by favorable views expressed by notable political figures.
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BTC and ETH Prices Fall on Economic Concerns
Bitcoin and Ethereum’s prices are facing downward pressure after President Trump announced new tariffs, igniting concerns over inflation and stalling potential growth in the digital asset space.
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Tariffs Trigger Liquidation Events
XRP and Dogecoin plunged more than 25% in a significant market correction that saw over $2.2 billion in liquidations, marking one of the steepest declines in recent months.
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Real-World Asset Tokens Gain Momentum
Amid the broader market downturn, tokens linked to real-world assets led the recovery, showcasing investor interest in tokenization amid ongoing market volatility.
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