XTZ

cryptocurrenc
2026-07-08 19:04:13

Crypto Market Loses $66B Overnight: Bitcoin Nears $100K Then Retreats, Altcoins in Bloodbath

The crypto market cap shed $66 billion in 24 hours, with Bitcoin dipping 2% after nearly touching $100K. While a few coins like SOON and ICP surged double-digits, most altcoins plunged, with XPL cratering 18.46%. Analysts blame Trump tariffs, the Nikkei downturn, an AI bubble, and a 'silent IPO' theory of early investors cashing out.

240
Crypto Market Loses $66B Overnight: Bitcoin Nears $100K Then Retreats, Altcoins in Bloodbath
altcoin
2026-07-08 15:18:12

Over 5,000 Altcoins: Why Do They Exist and What Drives the Crypto Boom?

As of 2020, over 5,000 altcoins exist. This article traces their origin from Namecoin (2011) to the ERC-20 explosion, examining reasons like permissionless innovation, differentiation from Bitcoin, and specialized use cases such as anonymity and smart contracts.

1170
Over 5,000 Altcoins: Why Do They Exist and What Drives the Crypto Boom?