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Bitcoin Drops to $103K and Altcoins Tumble; CRO Defies Trend

  • Bitcoin price drops to a multi-week low of $103,000, marking a 1.59% decrease in the last 24 hours, leading to a decline in altcoins like ETH, XRP, DOGE, SOL, ADA, and more.
  • Cronos (CRO) stands out by gaining over 17% and trading near $0.11, going against the market trend where Bitcoin touched $112,000 on May 22 but couldn't maintain the momentum.
  • Altcoins ETH, XRP, DOGE, SOL, ADA, SUI, LINK, AVAX, and others experienced notable drops, with lower market cap altcoins like ENA, INJ, VIRTUAL, and PEPE dropping by double digits.
  • The overall crypto market faced a loss of $200 billion in the last two days, currently standing at $3.360 trillion, with specific altcoins facing significant losses while Cronos (CRO) recorded substantial gains amidst the market turmoil.

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