After a delayed reaction to the stock market slump last week, Bitcoin (BTC) failed to hold the $86,000 level on April 2. Up until mid-afternoon on Sunday, BTC-USD held the $82,000 level. Unfortunately, prices fell further to around $79,000.
Bitcoin is playing catch-up to the global stock market rout. Fearful stockholders may have bought BTC as Nasdaq (QQQ) and the S&P 500 (SPY) dropped by over 9%. However, BTC is not immune to the weakening global financial conditions. Ethereum (ETC-USD) is even less attractive. Prices fell by 11.1% on Sunday. Crypto-related scams are rising, targeting Ether first.
Cryptocurrency investors holding LIF3 have much to worry about, too. The lesser followed crypto may fall. It may underperform Bitcoin as crypto holder consolidate their holdings.
The last update on the Lif3 ecosystem was on November 4, 2024. Lif3 announced a partnership with Jambo, whereby they would make crypto payments accessible to users in emerging markets. Since the announcement, larger fintech and credit service firms slumped. PayPal (PYPL) lost 24.6% in the last half of the year. Block (XYZ) dropped by 22.75%. However, SoFi (SOFI) gained 22.85% in that time. Still, SoFi lost nearly a quarter of its value in the last month due to the stock market selloff.
Continue to watch Lif3. Prices shot up last November only to return to their Oct. 2024 lows.
