The cryptocurrency market has taken another big dip. Bitcoin (BTC) has fallen 3.7% in the daily charts to the $92,000 price level., The global crypto market cap has dipped 6% in the last 24 hours to $3.1 trillion. Almost every crypto among the top 100 projects trades in the red zone today.
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Cryptocurrencies Continue Their Descent
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The crypto market took a hit last week after the Bybit exchange was hacked for $1.4 billion. The attack was the single largest hack the industry has ever faced. The development led to a substantial hit to investor sentiment.
The latest cryptocurrency market dip comes after US President Donald Trump announced that the tariffs against Canada and Mexico are moving forward. The crypto market recovered when the US paused tariffs on the two nations for 30 days.
Top 3 Cryptocurrencies To Buy During The Market Crash
1. Bitcoin (BTC)
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BTC is the original cryptocurrency. The asset is also the market leader. Other crypto coins tend to follow BTC’s trajectory. Many financial institutions have opened their doors to BTC in the form of ETFs.
The cryptocurrency could surge to a new all-time high when the market recovers. Many anticipate BTC to breach the $1 million mark by the end of the decade.
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2. Dogecoin (DOGE)
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DOGE has faced a significant price dip over the last few weeks. The dog-themed cryptocurrency is the original memecoin. DOGE could witness a breakout later this year. The asset has a high chance of being included in X’s payment feature. The move could propel the memecoin to new heights.
3. Solana (SOL)
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SOL has faced a substantial price dip this year. The cryptocurrency experienced a major correction after the Libra coin controversy. SOL could see a recovery over the next few weeks. The SOL network is only expected to grow and the crypto could see another price bump.