Crypto Prices Today: BTC Slips Below $61K, Altcoins Tumble on PlusToken-Related Selloff
The cryptocurrency market experienced a downturn as Bitcoin (BTC) fell below the $61,000 mark. According to CoinGape, this decline is attributed to selloffs linked with the infamous PlusToken scam. Ethereum (ETH), Solana (SOL), and XRP also saw declines ranging from 1% to 3%. The global crypto market cap decreased by nearly 2%, reflecting widespread bearish sentiment among investors.
Lennertz Raises $165 Million for Blockchain-Focused Fund of Funds
In an exclusive report by Fortune, Lennertz & Co., a German family office investment firm, announced its plans to raise $165 million for their third blockchain-focused fund of funds. This move aims to capitalize on the promising returns seen in previous investments within the crypto space despite recent industry volatility. Oksana Tiedt from Lennertz highlighted that they have already secured initial commitments but did not disclose specific figures.
Bitcoin Price Sinks Amid CPI Concerns
Investing.com reports that Bitcoin's price dropped further amid anticipation surrounding upcoming U.S. Consumer Price Index data, which could influence interest rate decisions by the Federal Reserve. Speculation about potential large-scale sales of confiscated tokens held by the U.S government added pressure on prices, causing broader crypto markets, including Ether and other altcoins like SOL and ADA, to follow suit in declining trends.
US Government Charges Crypto Companies with Market Manipulation
The US government has charged several notable cryptocurrency companies and individuals with market manipulation, according to FXStreet news coverage. Among those accused are firms such as Gotbit and ZM QUANT, who allegedly engaged in fraudulent activities aimed at artificially inflating digital asset values for profit gains through manipulative trading practices across various platforms.
Cryptocurrencies Price Prediction: A Look Ahead
An analysis piece from FXStreet suggests possible future movements within major cryptocurrencies, like Ethereum potentially testing support levels near $2395 amidst ongoing speculation around Vitalik Buterin’s Nobel Prize candidacy impacting investor sentiments positively if realized later this month, while Bitwise predicts significant upward momentum pushing Bitcoin towards reaching new highs should favorable conditions persist without unexpected disruptions affecting overall confidence among stakeholders involved globally today!
Sources:
- Crypto Prices Today Oct 10: BTC Slips Below $61K, Altcoins Tumble on PlusToken Related Selloff
- Exclusive: Family office Lennertz raising $165 million for blockchain-focused fund of funds
- Bitcoin price today: sinks to $60k with CPI in focus
- Cryptocurrencies Price Prediction: Ethereum, Bitcoin & Ripple — Asian Wrap 10 October
- US government charges notable crypto companies, individuals for market manipulation and fraud
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