On August 10, 2024, the cryptocurrency market is experiencing significant fluctuations:

1.  Bitcoin and Ethereum Prices Drop Sharply: The price of Bitcoin fell below $50,000 for the first time since February, dropping 17% in total cryptocurrency market capitalization. Ethereum also experienced a significant decline, losing nearly 20% of its value in just a few hours
2.  Bitcoin ETF Trading Volume Soars: Despite the market downturn, Bitcoin ETF trading volumes exceeded $1 billion on August 5. Galaxy Digital reported that Bitcoin ETFs reached $1.3 billion in 20 minutes​

The cryptocurrency market is currently going through a rollercoaster ride with Bitcoin and Ethereum prices plummeting, while Bitcoin ETF trading volumes are skyrocketing. Volatility at its finest! 💸📉