Here is what happened yesterday in the crypto market:
Kanye West’s Cryptocurrency Plans Unlikely
Ye, previously known as Kanye West, announced via social media that he has no intentions of launching his own cryptocurrency, stating that he turned down a $2 million offer and expressing concerns that coins exploit fans. This has significantly diminished the chances of him entering the crypto space.
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Ether Experiences Notable Price Decline
Ether (ETH) dropped over 5.1% recently, falling below $2,600, with market fears and an increase in supply contributing to the downturn. While Bitcoin (BTC) is also down by approximately 2.9%, analysts suggest a potential for a price bounce despite the current bearish sentiment.
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