Cryptoma markets lose $ 30 billion a day as LDO, Arb Dump 5 % (market observation)
Cryptoma markets lose $ 30 billion a day as LDO, Arb Dump 5 % (market observation)
Bitcoin did not manage to tap $ 29,000 yesterday, and the subsequent rejection was again almost a giant down.
Most alternative coins have also become red today, with some, such as Doge, Ldo and Arb, have fallen heavily.
BTC back to $ 28,000
This week started with a well -known note when Bitcoin broke into $ 27,200 in terms of Binance. However, when the CEO of the stock exchange referred the claim that Interpol had issued a red notice to him, and it turned out to be fake news, the cryptocurrency began to gain value and deleted all the latest losses.
It jumped almost immediately to over $ 28,000 before the bulls initiated another upswing, which brought up to $ 28,800 (on Bitstamp). When they prepared to challenge $ 29,000, the situation turned around and BTC started to lose value again, even after the last purchase of Microstrategy.
From now on, the cryptocurrency is traded by about a lot lower because it has just fallen below $ 28,000. Its market capitalization has dropped to $ 540 billion, while its dominance over the old coins is 45.7 %. In fact, the key figure decreased by almost 1 % last week.
Btcusd. Tradingview
LDO, Doge, Arb in the red numbers
Almost the entire Altcoin field has become red today. Dogecoin leads the negative trend of top 10 systems with a break-in of 6 %. Nevertheless, according to Elon Musk's recent commitment, the original Memecoin has still increased by more than 20 % in the weekly comparison.
ldo and Arb are the other more remarkable losers of the large cap alternatives. Both assets fell by about 5 % to $ 2.53 for LDO and $ 1.2 for ARB.
More daily price returns are shown by Ethereum, which has slipped below $ 1,900 after it had marked an eight -month high above this level yesterday, BNB, XRP, Ada, Matic, Sol and many others.
Overall, the cumulative market capitalization of all crypto-assets lost around $ 30 billion in one day and is less than $ 1.2 trillion.
Overview of the cryptocurrency market. Quantify crypto