Browsing: drops

If you follow the FLOKI price prediction, this week tested your patience. Floki’s sister project, TokenFi, launched Shield AI on October 13, a tool that scans coin contracts for risks, per AMBCrypto. Two days later, FLOKI fell about 7% to $0.0000236, per TradersUnion.

Omkar Godbole is a Co-Managing Editor and analyst on CoinDesk’s Markets team. He has been covering crypto options and futures, as well as macro and cross-asset activity, since 2019, leveraging his prior experience in directional and non-directional derivative strategies at brokerage firms. His extensive background also encompasses the FX markets, having served as a fundamental…

Ethereum Classic’s (ETC) drop of roughly 10–12 percentage points over the past day is best explained by a sharp reversal after a short-term pump, concentrated whale selling, and a mildly risk-off macro backdrop, rather than any single negative ETC-specific headline.

Bitcoin (BTC) fell below $80,000 on Saturday, down more than 1% after a stronger-than-expected U.S. jobs report for August rattled the cryptocurrency market.

The recent 5–7 percentage point drop in Stacks (STX) over the last day was primarily driven by a macro shock from a much stronger than expected US jobs report, which triggered a broad crypto selloff and long liquidations, disproportionately affecting altcoins like STX.¹