What happened to the cryptocurrency market on July 8?
On July 8th, the cryptocurrency market experienced a significant shift in dynamics. Could you elaborate on the specific events that transpired? Did any major cryptocurrencies experience significant price fluctuations? Were there any new regulations or announcements from major institutions that might have impacted the market? Understanding the root causes and consequences of these changes is crucial for investors and enthusiasts alike. Could you provide a detailed breakdown of the day's events and their potential implications for the future of the cryptocurrency market?