The cryptocurrency market registered a sharp drop late on Sunday/early Monday, as Bitcoin (BTC) and other altcoins experienced a significant decline following Friday’s rally. BTC held above $115,000 over the weekend despite losing momentum after Friday’s climb to $117,416. The flagship cryptocurrency fell to an intraday low of 110,635 on Sunday and remains in the red during the ongoing session. BTC is down nearly 3% over the past 24 hours, trading around $111,699.
Meanwhile, Ethereum (ETH) climbed to a new all-time high of $4,953 late Sunday/early Monday as bullish sentiment around the altcoin peaked. However, it lost momentum after reaching this level and fell to a low of $4,689 before recovering and moving to its current level of $4,608. The world’s second-largest cryptocurrency fell over 3% in the past 24 hours. Ripple (XRP) is also trading in the red, down 2.98% at $2.94, while Solana (SOL) is almost 5%, trading around $198, having slipped below the $200 mark. Dogecoin (DOGE) is down 4.80%, while Cardano (ADA) is down over 3%, trading around $0.868. Chainlink (LINK), Stellar (XLM), Hedera (HBAR), Litecoin (LTC), Toncoin (TON), and Polkadot (DOT) also registered substantial declines.
Telegram Founder Pavel Durov Slams French Government
Pavel Durov, the founder of popular messaging app Telegram, has provided an update about the ongoing case against him in France. Durov criticized the authorities, stating that the investigation against him is struggling to find anything substantial. He called his arrest by the French authorities “unprecedented,” and added that holding a tech executive accountable for the actions of independent users was absurd. Durov stated in a post on Telegram,
“A year later, the ‘criminal investigation’ against me is still struggling to find anything that I
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Author: Amara Khatri
