IOTA Price Drops Amidst Wider Cryptocurrency Market Downturn, Testing Key Support Levels

The entire cryptocurrency market has experienced significant fluctuations, with IOTA’s price dropping nearly 3% in the past 24 hours. IOTA aims to facilitate microtransactions between IoT devices using its unique Tangle consensus algorithm. “The market decline has wiped out around $200 billion in a single day, impacting various digital assets, including IOTA,” experts note. IOTA