Worldcoin Price Plunges Amid Broader Crypto Market Weakness

Worldcoin's price took a significant hit yesterday, plummeting 21% in just 24 hours. This sharp decline was largely attributed to the increased selling pressure that swept through the market, with Arthur Hayes' exit from his Worldcoin position being a major contributing factor.

The broader crypto market also played a role in Worldcoin's downfall, as Bitcoin fell below $60,000 and triggered liquidations across altcoins. This added to the already intense sell-off sentiment, making it even more challenging for Worldcoin to maintain its price stability.