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Bitcoin, Ethereum, Dogecoin Drops As Trump's 'Crypto Czar' Announces Oversight Committee: Eric Trump Says 'Great Time' To Add ETH
Major cryptocurrencies declined sharply on Tuesday following the announcement of a new regulatory oversight committee, with total market liquidations reaching nearly $485 million in the past 24 hours. The leading cryptocurrency dropped to $97,924.27, its lowest level in the last 24 hours of trading, while the broader crypto market capitalization fell 2.92% to $3.23 trillion. The decline coincided with newly appointed “Crypto Czar” David Sacks announcing the formation of a bipartisan, bicameral committee to establish a regulatory framework for digital assets. Ethereum also experienced downward pressure despite ... (full story)