TLDR: 

• Bitcoin's price suddenly dropped below $68,000, which has led to liquidations of over $660 million.

• The revenue of Chainlink CCIP has increased by more than 180% in 2 months due to 'massive adoption.'

• NuggetRush should also be mentioned in this regard as it has been doing well by raising more than $3 million amidst growing investor interest.

In the last two months, Bitcoin went up by over 80% to break the existing ATH and settle a new one at more than $73,600. But a sharp 8% price decrease has caused the BTC price to go under $68,000 causing liquidations of over $660 million.

However, the Chainlink report demonstrates that its CCIP remains a profitable venture, with its revenues growing by over 180%. NuggetRush has also been shifting land, collecting more than $3 million in its ongoing cryptocurrency ICO.

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Bitcoin Plunges Under $68,000: Liquidations Cross $660 Million

The price of Bitcoin (BTC) has suffered a very hectic day, with its price plunging by more than 8%. From its new ATH above $73,600, the leading crypto has dropped under the $68,000 support level. Some analysts credit the drop to waning FOMO and a decline in ETF interest. 

While none of those has been confirmed, the price plunge saw crypto liquidations topped $661 million over the past 24 hours. The liquidations affected nearly 200,000 traders, with Solana being one of the few top crypto coins still in the green.

The vast majority of recent crypto liquidations, 80%, were long positions, which amounted to $525.2 million. While some analysts are bearish, others are optimistic that the retracement could serve as an opportunity for a bigger bull run.

NuggetRush (NUGX) Clears the $3 Million Mark, Major Rally Anticipated 

Defying the bearish trend in the broader crypto market, NuggetRush (NUGX) has continued to receive massive support from investors. The latest wave of support has culminated in the project raising over $3 million in its crypto ICO. 

There has been massive support from NuggetRush as it represents the future of the GameFi market. NuggetRush has created a one-of-a-kind gaming ecosystem that blends elements of play-to-earn. meme coins, and NFTs.

NuggetRush represents an opportunity for crypto gamers to win real gold and cash. This is so because the in-game rewards players get from their mining operations in the virtual world can be converted on the marketplace for these real world assets. 

Because of these opportunities, NuggetRush is now considered as a top crypto to invest in for 2024. Already the price of its native ERC20 coin, NUGX has increased by 90% to trade at $0.019. However, ahead of its launch, crypto experts have forecasted gains of more than 50x, making now the best time to join the NuggetRush train.

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Chainlink (LINK) CCIP Revenue Surges 180% in Two Months 

The Chainlink Cross Chain Interoperability Protocol (CCIP), a cross-chain protocol which launched in July 2023  has seen its value increase significantly over the past few months. The latest report from the Chainlink CCIP shows that its revenue has increased by more than 180% over the last two months.

As per the report, CCIP raised a total of $377,724 in revenue, with $171,000 raised in the first two weeks of March. The recent surge in revenue has been linked to the massive adoption of the network. However, despite the growth, LINK token is still bearish, just like the rest of the crypto market.

Closing Thoughts 

The mood in the crypto market is indecisive after the latest price drop. Even though some analysts expect the down-trend to persist, others have termed it a momentarily retracement.

At the same time, the growth of the users with Chainlink's CCIP and NuggetRush amazes. NUGX is even more remarkable and one of the best cryptos to buy as it continues to trend higher in the bearish market.NUGX is even more remarkable and one of the best cryptos to buy as it continues to trend higher in the bearish market.

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