Crypto’s Latest Meltdown: What Happened?

Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌       [CoinMarketCap Logo](~/AAQRxQA~/RgRowq8kP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPTVucmNsZnpvOXZjNVcDc3BjQgpmzyQq4GYh4nFlUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Data as of: 10 Sep 2024 11:10 UTC Bitcoin price speculation? That's old news. Today, the crypto world just got rocked by a SocialFi meltdown. Remember when we were all obsessing over Bitcoin's next move? Well, we still are. Some say $50K, others are eyeing $70K, and the super-bulls? They're dreaming of $90K. But the last 24 hours have been wild in this space. So what’s going on in the market? Let’s make sense of it all! Here is a quick rundown of the top headlines from the past 24 hours: - Harris win could trigger a 47% Bitcoin crash. But wait, aren't Dems warming up to crypto? [What’s going](~/AAQRxQA~/RgRowq8kP0R9aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYmVybnN0ZWluLWJpdGNvaW4tY291bGQtdGVzdC1kb2xsYXIzMGstaWYtaGFycmlzLXdpbnMtdXMtZWxlY3Rpb25zP2xpZD0ydWoyNDYzZmM5NW1XA3NwY0IKZs8kKuBmIeJxZVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) on? 🤔 - VP Harris' crypto silence is deafening. But whispers suggest Dems are [going](~/AAQRxQA~/RgRowq8kP0SGaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUva2FtYWxhLWhhcnJpcy1yZWxlYXNlcy1wb2xpY3ktcGxhdGZvcm0tcmVtYWlucy1zaWxlbnQtb24tYml0Y29pbi1hbmQtY3J5cHRvP2xpZD1jeDA5YmR0Y2FjZ3JXA3NwY0IKZs8kKuBmIeJxZVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) crypto pro behind the doors. 🤔 - Friend.tech implodes overnight. Was it just [another](~/AAQRxQA~/RgRowq8kP0SCaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc29jaWFsLXBsYXRmb3JtLWZyaWVuZHRlY2gtc2h1dHMtZG93bi1jcmVhdG9ycy13YWxrLWF3YXktd2l0aC1kb2xsYXI0NG0_bGlkPWlzM2xmdHpiOTJydlcDc3BjQgpmzyQq4GYh4nFlUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) elaborate rug pull? 💥 - Ether.fi launches a 'crypto-native' Visa card with multiple features. Can you can [claim](~/AAQRxQA~/RgRowq8kP0R5aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZXRoZXJmaS11bnZlaWxzLWNyeXB0by1uYXRpdmUtY3JlZGl0LWNhcmQtb24tbDItc2Nyb2xsLW5ldHdvcms_bGlkPW5lM3F5ZWk0dWcyeFcDc3BjQgpmzyQq4GYh4nFlUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) it? 💳 - FBI: Americans lost $5.6B to crypto scams in 2023. [How](~/AAQRxQA~/RgRowq8kP0R3aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZmJpLWFtZXJpY2Fucy1sb3N0LWRvbGxhcjU2Yi1pbi1jcnlwdG8tcmVsYXRlZC1zY2Ftcy1pbi0yMDIzP2xpZD1ocGgwZHVtaDJlaG1XA3NwY0IKZs8kKuBmIeJxZVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) did scammers manage to pull it off? 🚨 Let’s dive in after the market overview! MARKET OVERVIEW GLOBAL MARKET CAP $2.01T ▲2.74% (24h) 24H MARKET VOLUME $68.16B ▲29.48% (24h) BITCOIN’S DOMINANCE 56.1% ▲0.38% (24h) FEAR & GREED INDEX 47 Neutral [Bitcoin] Bitcoin $57,214.26 ▲3.57% (24h) [Ethereum] Ethereum $2,350.87 ▲1.56% (24h) [BNB] BNB $521.85 ▲3.16% (24h) [ALL CRYPTO PRICES/DATA »](~/AAQRxQA~/RgRowq8kP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPXRscHVmb2sxOHFvc1cDc3BjQgpmzyQq4GYh4nFlUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [TRENDING CRYPTO »](~/AAQRxQA~/RgRowq8kP0RFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS90cmVuZGluZy1jcnlwdG9jdXJyZW5jaWVzLz9saWQ9c2F5c3Bmd2o1bTB1VwNzcGNCCmbPJCrgZiHicWVSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [NEW LISTINGS ON CMC »](~/AAQRxQA~/RgRowq8kP0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9uZXcvP2xpZD10MXNnM3RvMWEzNjRXA3NwY0IKZs8kKuBmIeJxZVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [TRENDING DEX PAIRS »](~/AAQRxQA~/RgRowq8kP0RAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9kZXhzY2FuL3RyZW5kaW5nL2FsbC8_bGlkPWJqeGF5cWMwZHQxalcDc3BjQgpmzyQq4GYh4nFlUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) TOP GAINERS 24H% [White Yorkshire] [White Yorkshire](~/AAQRxQA~/RgRowq8kP0Q1aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3doaXRlLXlvcmtzaGlyZS9XA3NwY0IKZs8kKuBmIeJxZVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) ▲3564.65% [CATX] [CATX](~/AAQRxQA~/RgRowq8kP0QqaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2NhdHgvVwNzcGNCCmbPJCrgZiHicWVSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▲1492.42% [Buldak] [Buldak](~/AAQRxQA~/RgRowq8kP0QsaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2J1bGRhay9XA3NwY0IKZs8kKuBmIeJxZVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) ▲772.47% TOP LOSERS 24H% [Metabit Network] [Metabit Network](~/AAQRxQA~/RgRowq8kP0QzaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL21ldGFiaXRnbG9iYWwvVwNzcGNCCmbPJCrgZiHicWVSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▼99.4% [GameStop Coin] [GameStop Coin](~/AAQRxQA~/RgRowq8kP0Q2aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2dhbWVzdG9wY29pbi1uZXQvVwNzcGNCCmbPJCrgZiHicWVSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▼99.39% [TRUMP MAGA (trumpmaga.me)] [TRUMP MAGA (trumpmaga.me)](~/AAQRxQA~/RgRowq8kP0Q9aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3RydW1wLW1hZ2EtdHJ1bXBtYWdhLW1lL1cDc3BjQgpmzyQq4GYh4nFlUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼99.04%   Harris Win Could Spark 47% Crypto Crash Bernstein just predicted a potential Bitcoin wild ride based on the 2024 U.S. election outcome. If Kamala Harris clinches victory, Bernstein sees Bitcoin potentially plummeting to the $30,000-$40,000 range. That's a 47% dip from its current $56,665 perch. The culprit? A continuation of the regulatory obstacles that have been buffeting the crypto sector. But flip the script with a Trump win, and it's a whole different game. Bernstein's prediction shows Bitcoin potentially rocketing to "$80K-90K" by Q4. Trump's "Bitcoin and Crypto Capital of the world" vision is music to crypto bulls' ears. But aren’t Democrats working on crypto-friendly policies and asking for donations in crypto already? Read the [full story](~/AAQRxQA~/RgRowq8kP0R9aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYmVybnN0ZWluLWJpdGNvaW4tY291bGQtdGVzdC1kb2xsYXIzMGstaWYtaGFycmlzLXdpbnMtdXMtZWxlY3Rpb25zP2xpZD1hbGNrOG11ZGcxNHRXA3NwY0IKZs8kKuBmIeJxZVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   And… Harris' Crypto Silence Is Concerning Kamala Harris just revealed her presidential playbook, and crypto users are left scratching their heads. The VP’s new "Issues" page is a glaring crypto-free zone, even as it touts support for "cutting-edge industries of the future." Harris' crypto silence isn't new. She's been silent on digital assets throughout her political career, mirroring the Democratic Party's collective shrug towards blockchain tech. It's like crypto's the elephant in the room that Democrats refuse to acknowledge. But while Harris plays it cool, the crypto industry's going all-in on political influence. Coinbase, Ripple, and Andreesen Horowitz are bankrolling pro-crypto super PACs to the tune of hundreds of millions. Despite the public cold shoulder, whispers suggest Harris isn't completely ignoring the crypto crowd. What does that mean? Are they interested in crypto behind the doors? Read the [full story](~/AAQRxQA~/RgRowq8kP0SGaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUva2FtYWxhLWhhcnJpcy1yZWxlYXNlcy1wb2xpY3ktcGxhdGZvcm0tcmVtYWlucy1zaWxlbnQtb24tYml0Y29pbi1hbmQtY3J5cHRvP2xpZD0yZzZndzV3bGNoaDBXA3NwY0IKZs8kKuBmIeJxZVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   What Are The Latest Expert Bitcoin Price Predictions? [What Are The Latest Expert Bitcoin Price Predictions?](~/AAQRxQA~/RgRowq8kP0RvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2hhdC1hcmUtdGhlLWxhdGVzdC1leHBlcnQtYml0Y29pbi1wcmljZS1wcmVkaWN0aW9ucz9saWQ9ano4cDRzNmpoOHIzVwNzcGNCCmbPJCrgZiHicWVSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) Discover the latest expert Bitcoin price predictions and how these market experts come up with their opinions. [Read More](~/AAQRxQA~/RgRowq8kP0RvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2hhdC1hcmUtdGhlLWxhdGVzdC1leHBlcnQtYml0Y29pbi1wcmljZS1wcmVkaWN0aW9ucz9saWQ9MGViNG5kZHF0cWhpVwNzcGNCCmbPJCrgZiHicWVSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)   Crypto Social Network Implodes Overnight Friend.tech, the crypto world's latest fallen star, just pulled the plug, leaving investors shocked and its creators $44 million richer. The project team's final act? Transferring admin rights to a null address, effectively turning Friend.tech into an immutable digital fossil. The FRIEND token dipped 97% since its May debut, now worth $1.34 million (mcap). Friend.tech's novel "key" system, granting access to exclusive chat rooms, initially lit the Base network. At its peak, it dominated half of all Base activity. But like a supernova, it burned bright and fast. So it was all a massive rug-pull? Or there’s more to the story? Read the [full story](~/AAQRxQA~/RgRowq8kP0SCaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc29jaWFsLXBsYXRmb3JtLWZyaWVuZHRlY2gtc2h1dHMtZG93bi1jcmVhdG9ycy13YWxrLWF3YXktd2l0aC1kb2xsYXI0NG0_bGlkPXNwczlobWlyNXJzaVcDc3BjQgpmzyQq4GYh4nFlUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   CMC NARRATIVE: MEME COINS Tron’s new SunPump meme coin launchpad goes down with the broader crypto market. Most meme coins have erased their hard-earned August gains. The total market cap of meme coins continues to drop, now sitting at $36.97B. [CMC NARRATIVE: Meme Coins](~/AAQRxQA~/RgRowq8kP0SNaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdGhpcy13ZWVrLWluLW1lbWUtY29pbnMtdHJvbi1wdW1wLWZpenpsZXMtb3V0LW1hcmtldC13YWl0cy1mb3ItZmVkLXBpdm90LWxpcXVpZGl0eT9saWQ9NjQxbXNjNzZ3ZjNoVwNzcGNCCmbPJCrgZiHicWVSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) The total crypto market cap is down -10% since mid-August. All eyes are now on the market reaction to the September Fed rate cut decision...[continue reading.](~/AAQRxQA~/RgRowq8kP0SNaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdGhpcy13ZWVrLWluLW1lbWUtY29pbnMtdHJvbi1wdW1wLWZpenpsZXMtb3V0LW1hcmtldC13YWl0cy1mb3ItZmVkLXBpdm90LWxpcXVpZGl0eT9saWQ9dTd5dWdsbTdnZnFuVwNzcGNCCmbPJCrgZiHicWVSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)   Track the larger Meme Coin narrative on CMC: [Track Narrative](~/AAQRxQA~/RgRowq8kP0Q1aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS92aWV3L21lbWVzP2xpZD00dHh5MWNtcnNibGJXA3NwY0IKZs8kKuBmIeJxZVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)   DeFi Meets Visa Ether.fi just revealed a 'crypto-native' credit card. Built on Ethereum's speedy L2 Scroll network, this Visa card is giving your crypto wallet superpowers. Dubbed Ether.fi Cash, this non-custodial card comes in four tiers, each named after crypto memes: Pepe, Wojak, Chad, and Whale. Your crypto stays in your wallet, not some centralized vault. So what are the perks of this card? And who can claim it? Read the [full story](~/AAQRxQA~/RgRowq8kP0R5aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZXRoZXJmaS11bnZlaWxzLWNyeXB0by1uYXRpdmUtY3JlZGl0LWNhcmQtb24tbDItc2Nyb2xsLW5ldHdvcms_bGlkPXlnbjdhbTEyNnk3MlcDc3BjQgpmzyQq4GYh4nFlUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   Crypto Scams Ripped Americans of $5.6B The FBI just told a financial horror story: Americans lost $5.6 billion to crypto scams in 2023. That's a 45% surge from the previous year, painting a grim picture of digital asset fraud. Crypto complaints made up just 10% of the FBI's inbox but accounted for nearly half the year's financial losses. It's like crypto scammers found a way to print money – other people's money. The most heartbreaking twist? Seniors over 60 were the prime targets, losing a staggering $1.6 billion. Investment schemes led the pack, making up 71% of cases. But the real nightmare fuel? "Pig butchering" scams. It's a scam inception – victims creating more victims. So what is this pig butchering scam exactly? And how did it work? Were Americans the prime target last year? Read the [full story](~/AAQRxQA~/RgRowq8kP0R3aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZmJpLWFtZXJpY2Fucy1sb3N0LWRvbGxhcjU2Yi1pbi1jcnlwdG8tcmVsYXRlZC1zY2Ftcy1pbi0yMDIzP2xpZD15d29jZmkyZDdsN2JXA3NwY0IKZs8kKuBmIeJxZVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   And that's it for today. 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