Here the Reasons Behind the Collapse of Altcoins!

Crypto market woke up to a nightmare weekend, with the leading cryptocurrency Bitcoin (BTC) losing 2.5% of its value since morning. While BTC dropped below $26,000, it became evident that altcoins were hit even harder. Most altcoins saw a decline of 5% or more, with some prominent ones turning completely red with losses of 10% or higher. Looking at the current state of the top 10, the biggest losers appear to be Tron (TRX), Dogecoin (DOGE), Cardano (ADA), XRP, Binance Coin (BNB), and finally Ethereum (ETH). It is not surprising that Solana (SOL), Cardano (ADA), Binance Coin (BNB), and Polygon (MATIC) are among the biggest value losers. There are multiple possible reasons behind this decline, with the United States being the primary factor, as expected. SEC and CFTC Pressure Straining Altcoins SEC has classified MATIC, BNB, ADA, SOL, and many other leading altcoins as securities, leading several major exchanges to […] The post Here the Reasons Behind the Collapse of Altcoins! appeared first on COINTURK NEWS.