
Friend Tech goes from viral success to virtual ghost town
Activity on the platform has declined by more than 95% since it peaked last September.
Read sharp crypto market analysis, expert breakdowns, and on-chain insights covering Bitcoin, Ethereum, altcoins, and macro trends.

When ETF shares are sold it does not necessarily lead to a decline in AUM if those shares are not redeemed by APs.

Bitcoin bounces back over $40,100 amid shifting ETF inflows and outflows, GBTC movements point to market impact.

All tokens embroiled in SEC's scrutiny, however, see mixed fortunes against Bitcoin amidst legal turmoil.

Bitcoin's improved price liquidated roughly $160 million from crypto traders who held positions on the market.

Data suggests 70% of Grayscale holders remain profitable at current levels with an average cost of $27.82.

The crypto market appears shaken as Bitcoin and Ethereum prices tumbled to new local lows.



