Crypto-assets slide, financial markets are preparing for volatility

The central theses

• The cryptoma markets have fallen today, with several Layer 1 coins listing double-digit losses.
• The weakness of the financial markets seems to have expanded to crypto-assets.
• Bärische Catalystors outside the crypto room can be responsible for the current drawdown.

The crypto market experienced a drawdown on Monday, in which several Layer 1 chains recorded double-digit losses. The declining mood in the traditional markets will probably affect crypto prices.

Kryptomarkt-drops

It was a bloody start into the week for both crypto-assets and for broader financial markets.

fell from its weekend high from $ 48,817 to less than $ 45,000, which broke up by around 6.6% in the past 24 hours. a little worse and decreased by 8.6 % in the same period. Traditional markets also seem to be ready for a downward movement, with several indices such as the and the opening red.

in the crypto area Layer-1 blockchains, which have recently enjoyed a longer phase of bullish dynamics, are among the most powered assets. , the third largest cryptocurrency after market capitalization, has fallen over 10 % within 24 hours and is currently 30 % below its all -time high of $ 3.09, which was reached at the beginning of the month. Solana's token has fallen by 14 % today, which expanded the losses of almost 20 % last week.

Other Layer 1 How, and, and, also two-digit losses have also been responded to the current market weakness.

The overall market capitalization of the cryptocurrency has also fallen under $ 2 trillion, which confirms a more general downward trend.

Market capitalization for cryptocurrencies

Some assets survived the sweater without prejudice, especially the tokens of the Cosmos network. Atom reached a new all -time high of $ 44.42 this weekend and is still acting in the time of the day.

Bärische Catalysts outside the crypto room could be responsible for the downturn. Evergrande, the second largest real estate developer in China, was unable to pay back the interest of his loans and faces a possible restructuring. Experts describe evergrand's debt problem as China's "Lehman moment" and refer to the financial crisis of 2008.

Elsewhere, the US Congress is to discuss an extension of the debt limit this week. Supporting a solution could have devastating consequences for the financial markets, so many institutes reduce their risk in advance. Due to their extreme volatility, crypto-assets are considered high risk and are therefore among the first to be shortened when the markets become risk-free.