Crypto markets lose $ 30 billion when Bitcoin slipped to weekly lows (Market Watch)
Crypto markets lose $ 30 billion when Bitcoin slipped to weekly lows (Market Watch)
Bitcoin failed at $ 23,500 yesterday and fell by almost $ 1,000 in the following hours to mark the lowest price for about a week.
Most old coins are also in the minus today, with Uni, Avax, APT, LDO, Near, Mana and FTM record the greatest daily declines.
btc sees weekly
The last few days have been quite good for the primary cryptocurrency, which marked a 5-month high with well over $ 24,000 last week after the US Federal Reserve increased the interest rates by 25 basis points.
The asset tried to stay north of this line in the following days, but was stopped and traced to $ 23,000 $ 23,500, where he also spent the weekend.
After a relatively quiet Saturday and Sunday, Bitcoin began to lose value during the early Asian trade periods. It fell to $ 22,600 (on Bitstamp), which was the lowest price since January 30th.
Until now it has done something well, but it is still only $ 23,000. This has dropped its market capitalization to $ 440 billion, and the dominance compared to the Alts is 41.5 %.
btcusd. Tradingview
Uni breaks down after 16Z engagement
Cryptopotato previously reported that the VC giant Andreessen Horowitz Bnb coordinated Chain in an attempt to stop a suggestion from Uniswap. Since an entity has so much power over a Dex, this raised questions whether uniswap is indeed a decentralized platform. Of course, this also affected the price of the local cryptocurrency, with university fell 5.5 % on this day to less than $ 7
The rest of the Large cap alternatives is not much better. Dogecoin, polygon, Binance Coin, Rippleshiba Inu, Solana, Avalanche and Ethereum have all fallen by 2 % to 5 %.
Other losses are obvious at Near, LDO, APT, ICP, Mana and FTM. In contrast, Leo has increased by 4 %, while OKB has gained 2 % of value and is only in centimeters of $ 45.
The entire crypto market capitalization has lost almost $ 30 billion in one day, but is still over $ 1.050 trillion.
Overview of the cryptocurrency market. Quantify crypto