Do you know what a coin is? It is a little metal circle. Some coins are used to buy things. But there are also coins that live only on computers. We call these computer coins “crypto.” Today, we will talk about what is happening with crypto.
Yesterday, many crypto coins went down. This means they are worth less money. One kind of coin is called Bitcoin. Bitcoin went down a little bit. It was once worth about $92,000. Now it is worth about $91,000. That is a small drop. But it is still a lot of money!
The story with other coins is a bit sadder. A group of coins called “DePIN tokens” had a big drop. DePIN tokens are special coins that help people share things like internet or computers. These DePIN tokens decline a lot. Some DePIN coins lost more than 7% of their value.
Why did this happen? One big reason is something called the “Fed.” The Fed is short for the Federal Reserve. It is a bank in the United States. The Fed helps control how much money is in the world. When the Fed says it will not change the amount of money, some people get worried. That is one reason why DePIN tokens decline today.
But not all coins went down. A few coins went up! One coin called Pieverse went up a lot. It gained about 28% in value. That is a big jump! Other coins like Ultima and Hyperliquid also went up.
Why DePIN tokens decline: The story behind the drop
DePIN is a funny name, but it stands for something important. It means “Decentralized Physical Infrastructure Networks.” That is a big phrase. Let us break it down.
“Decentralized” means no one person is in charge. Think of a playground where everyone can play together. No one owns the slide, but everyone can use it. That is decentralized.
“Physical Infrastructure” means real things like internet cables, computers, or solar panels. These things help us use the internet or get power.
“Networks” are groups of things that work together. Like how many roads make a map.
So, DePIN tokens are coins that help people share real things like internet or computers. If you have extra internet, you can share it with someone else. In return, you get a DePIN token. That token is like a thank-you note that has value.
DePIN tokens decline a lot today. That means people are not as excited about sharing internet or computers right now. They are worried about money and the Fed. You can read more about how such market movements are analyzed in this external analysis.
Why Did Bitcoin Go Down?
Bitcoin is the most famous crypto coin. It is like the king of coins. When Bitcoin goes down, other coins often follow. It is like when the teacher says it is time to be quiet. Everyone listens.
Bitcoin went down because of the Fed. The Fed said it will not change how much money is in the world. Some people thought, “If the Fed does not help, maybe I should not buy Bitcoin.” So they sold their Bitcoin. When many people sell, the price goes down.
But remember, Bitcoin is still worth a lot of money. $91,000 is a huge number. If you had one Bitcoin, you could buy a big house!
Some people think Bitcoin will go up again soon. They say, “Don’t worry, Bitcoin will be strong again.” But no one knows for sure. That is part of what makes crypto exciting. You can learn more about how Bitcoin reacts to Federal Reserve decisions here.
What Happened with Other Coins?
Many other coins also went down. Some of them are:
- Ethereum: It went under $3,200.
- Zcash: It lost 10% of its value.
- Filecoin: It dropped 7.5%.
- Render: It fell 5.5%.
These are all different kinds of crypto coins. Each one has a special job. For example, Ethereum helps make apps that work on computers all over the world. Zcash helps keep secrets safe. Filecoin helps people store files. Render helps make pictures and videos.
Even though DePIN tokens decline, some coins still went up. Let us talk about those winners.
Who Are the Winners?
Not everyone had a bad day. Some coins were happy because they went up in value. Here are a few:
- Pieverse: It jumped about 28%. That is a big jump!
- Ultima: It went up about 6.6%.
- Hyperliquid: It rose about 2.9%.
- Mantle: It gained about 1.1%.
- PIPPIN: It went up about 6.7%.
Why did these coins go up? It is hard to say. Sometimes, people just like a coin. They think it is cool or useful. So they buy it. When many people buy, the price goes up.
If you want to learn more about how coins can go up and down, you can read a simple guide here. It is a good place to start.
What Does This Mean for the Future?
The crypto world is like a roller coaster. It goes up and down. Sometimes it is fast, sometimes it is slow. But it is always moving.
If you are interested in crypto, it is good to learn more. You can read about how the government is trying to make rules for crypto. These rules can change how coins work. You can read about it here.
Also, you can use a smart tool to help you understand crypto better. This tool uses a computer brain to find information. You can try it here.
FAQs
- What is crypto? Crypto is a kind of money that lives on computers. It is not real coins or paper, but people use it to buy things.
- Why did DePIN tokens decline? DePIN tokens declined because people are worried about money and the Fed. They are not as excited about sharing internet or computers right now.
- Is Bitcoin still valuable? Yes! Bitcoin is still worth a lot of money. It is around $91,000.
- Which coins went up? Pieverse, Ultima, Hyperliquid, Mantle, and PIPPIN went up.
- Should I buy crypto? That is a big question. You should always learn a lot before you buy anything. Ask a grown-up for help.
Conclusion
So, today we learned that many crypto coins went down. DePIN tokens decline a lot. Bitcoin also went down a little. But some coins went up. The future is not certain, but it is exciting. If you want to know more, keep learning and asking questions. That is the best way to understand the world of crypto.
Leave a Reply