Bitcoin Price Slips Amid Crypto Market Decline and SLINK Token Frenzy
Bitcoin's price slipped to $79,542 over the past 24 hours, down 1.5% but still up 2.5% for the week.
Ethereum fell 2.1% to $2,451, roughly flat weekly, while XRP dropped 3.3% to $1.40 and Solana eased 1.8% to $101.89.
A fake post tied to Elon Musk triggered a frenzy in the SLINK token, causing it to briefly spike before collapsing over 97%, wiping out several traders who lost a combined $807,000 chasing the spike.