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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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What is the reason for the recent plummet in the Crypto Market?
When measured from the peaks during the weekly close, it is seen that many altcoins have lost more than 10% of their value in a short period. This plummet has led to concerns among investors.
The weekly opening of US futures with plummets has led to the crypto market facing selling pressure as well. It is also anticipated that US stocks have started to drop due to Moody's downgrade of the US rating.
The movements of the US stock markets starting this week will continue to deeply affect Bitcoin (BTC) and the altcoin market.