Why is the crypto market down today?

The cryptocurrency market took a hit today, with the total market capitalization dropping by around 6.3% to about $3.35 trillion on Jan. 8 as strong US economic data pointed toward potential interest rate hikes.Let’s look closer at the factors driving the crypto market down today.Bitcoin leads the m

Crypto wallet Phantom quashes airdrop rumors after social feature launch, Sui support announcement

Crypto wallet Phantom dispelled rumors of an incoming airdrop in a message posted to its X account on Friday, after some X users speculated that the platform's recent social feature launch could lead to a token launch."We do not have any plans to launch a token," Phantom wrote on X, in a post that a