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Bitcoin was particularly hard hit by the recent downturn, experiencing outflows totaling $643 million.
QCP Capital analysts anticipate increased crypto market volatility this week, with attention focused on Tuesday’s Trump-Harris debate and Wednesday’s U.S. CPI reading.The analysts added that derivatives market positioning indicates a continued bearish preference for puts in bitcoin and ether.
Toncoin’s value has increased by over 7% in the past 24 hours, while other major altcoins, such as Ether and Solana, have traded flat during the same period.Despite Toncoin’s gradual recovery since the arrest of Telegram founder Pavel Durov by French authorities, the altcoin has dropped out of the crypto top ten, with Tron taking its place.
- 15:20Tesla Stock Hits Two-Month High, Rises 6.8% TodayTesla (TSLA.O) stock price hit a two-month high, rising 6.8% today.
- 15:19US President Trump: Costs are down, no inflation, contrary to what the Fed and fake news media "hope"Odaily Planet Daily News: U.S. President Trump: Costs are down, no inflation. This is completely different from what the Federal Reserve and fake news media "hope" for.
- 15:18Publicly Listed Medical Company SRx Health Solutions Acquires $1.5 Million Worth of SOL, Plans to Establish Crypto Lending SubsidiaryPANews reported on May 9 that, according to Globenewswire, healthcare service provider SRx Health Solutions, Inc. (NYSE American: SRXH) announced a $1.5 million purchase of Solana tokens (SOL) to advance its asset diversification strategy. The company had previously planned to allocate no more than 10% of its cash flow and cash reserves to cryptocurrencies such as Bitcoin (BTC), Solana (SOL), and physical gold and silver. Chairman Adesh Vora stated that in addition to existing funds, the company will continue to increase its allocation of crypto assets through asset sales, partnerships, and financing, and explore the introduction of a crypto rewards program in its pharmacy business. Additionally, the company plans to establish a cryptocurrency lending subsidiary, intending to use its Halo brand assets and future earnings as collateral to accept financing in cryptocurrencies like Solana and Bitcoin. This move aims to avoid equity dilution while obtaining operating funds, which will be used for Halo brand marketing. The plan is currently in the conceptual stage, and the company will further discuss implementation details with the crypto community.