Bitcoin drops to 3-week deep, LDO crashes by 14 % (Weekend Watch)
Bitcoin drops to 3-week deep, LDO crashes by 14 % (Weekend Watch)
The last 24 hours brought the bull even more pain than BTC slipped to another three-week low at $ 21,500.
Most old coins are not in a better constitution, including ETH-liquid-staking coins, of which many double-digit price declines have experienced.
BTC falls again
The beginning of the month was very positive for the primary cryptocurrency, which was pumped to $ 24,200 after the recent interest rate of the US Federal Reserve on February 2. In the following days, however, the landscape changed and the asset decreased to around $ 23,000.
After Bitcoin had been eating for a while, it began to lose value quickly at the end of this week after the US stock exchange supervisory authority SEC tightened its approach to crypto staking. While industry experts continue to weigh how these regulatory measures will have an impact on the market, BTC collapsed under $ 22,000 yesterday and today fell under $ 21,500.
the latter has been at the lowest price since January 20. The cryptocurrency is currently being traded a few hundred dollars above this line, but its market capitalization is less than $ 420 billion. Its dominance compared to the Alts is still 41.4 %.
Btcusd. Tradingview
ETH Liquid Staking Alts Dump Hard
Some of the biggest winners of the past few days have been exactly ETH liquid-staking alcohol like LDO, FXS and RPL. However, they have withdrawn sharply according to the measures of the SEC, and all three have fallen by over 10 % in the last 24 hours alone.
The olds with larger caps are calmer today, although most of them are also in the minus. Ethereum has dropped by 2 % and is only a few centimeters above $ 1,500. RippleCardano, Dogecoin, Polygon, Solana and Polkadot are now also on the road with slight losses.
Binance Coinokb, Shiba Inu and Litecoin, on the other hand, have made insignificant profits.
hbar is one of the few impressive winners on a daily basis and rose by over 16 % to $ 0.09
The entire crypto market capitalization remained at around $ 1.01 trillion after it had lost $ 70 billion in the past two days.
Overview of the cryptocurrency market. Quantify crypto