ApeCoin, Axie Infinity Plummet Double-Digits as Bitcoin Corrects – Decrypt

Though financial markets, including crypto, briefly enjoyed a run-up in prices, yesterday Bitcoin, Ethereum, and major market indices like the Nasdaq and Dow Jones industrial average plummeted.

Meanwhile, Bitcoin is down more than 8% over the past 24 hours and is currently trading at $36,132.

This drop may, in part, be due to holders rotating into other coins now that they’ve scooped up their deed.

The Otherside collection also faced serious backlash for its inefficient code, robbing users of more than $200M in gas fees.

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