Bitcoin and Cryptocurrencies Experience Significant Price Drops.

Cardano's scaling tool Hydra Head has gone live on the blockchain's mainnet, boosting the native token ADA by 1.45%. The Milady NFT collection spiked up to 60% following an acknowledgement from Elon Musk, but traders should exercise caution. Hive Blockchain is planning to sell up to $100 million in common shares to double its computing power. Bitcoin's 30-day options skew has declined to -2.37, the lowest in two months, indicating a bias for put options and negative sentiment about spot prices. The broader crypto market has fallen 3.16%.