The post Crypto News Today (Dec 18, 2024): Binance Announces Delisting of WRX, AKRO, and BLZ appeared first on Coinpedia Fintech News
The cryptocurrency market today has undergone significant turbulence, which called for the market cap to sink by 2.63% to $3.67 trillion. The turmoil was seen hindering the trader activity, as the volumes also dipped by 1.32% to $203.4 billion. The Fear & Greed Index, however, didn’t budge much, as it continued to signal a score of 80, indicating the presence of extreme greed amongst market players.
Binance Delists WRX, AKRO, and BLZ
In a shocking move, Binance has cited the delisting of 3 tokens—WRX, AKRO, and BLZ—from its exchange. This has caused an instantaneous market reaction, with WRX plummeting 40%, AKRO losing 25%, and BLZ dropping 24% within hours.
Bitcoin Takes Another Dip?
Bitcoin price witnessed a 1.98% dip to $104,923.94, while the intraday trade volumes shot down by 2.78% to $77.35 billion. Despite the pullback, Bitcoin continues to remain a haven, as it continues to hold a lion’s share of the market at 56.47%.
For insights into Bitcoin’s future, explore our Bitcoin Price Prediction.
Altcoin Watch: Winners and Losers
Ethereum price slipped by 3.12% on its daily charts to $3,884.64, amidst the broader market uncertainty. Solana too followed the trend, dipping 1.57% to $217.45. XRP on the other hand, faced a sharper decline of 4.39% to $2.57.
For Ethereum’s detailed analysis, check out our Ethereum Price Prediction page.
Top Gainers & Losers:
PENGU emerged as the flag bearer for gainers, skyrocketing by 587.47%. Meanwhile, BGB and MOVE posted notable gains of 13.74% and 7.72% respectively. On the flip side, HNT lost -11.33%, PYTH -10.48%, and DYDX -9.80% from their price tags.
FAQs
Binance has not provided specific reasons for the delisting, but such decisions typically stem from regulatory concerns or insufficient trading activity.
The Fear & Greed Index is at 80, cautions against “Extreme Greed” in the market.
PENGU led the gains, surging by an impressive 587.47% in the last 24 hours.