Bitcoin, ether and most altcoins log losses following Telegram co-founder’s arrest
undefined 27, 2024
Telegram co-founder Pavel Durov's arrest in France led to a sharp decline in cryptocurrency prices. Bitcoin fell nearly 2% to $66,428 nationally and $64,077 internationally. Durov's arrest, linked to Telegram's TON blockchain, also saw Toncoin lose over $3 billion, and the play-to-earn coin NOT drop 20%. Ether mirrored Bitcoin's losses, trading at $2,877 nationally and $2,745 internationally. Despite this, Bitcoin ETFs have shown resilience, attracting over $500 million recently, indicating ongoing investor confidence.
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