Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Lemons and Lemonade
Analysts Speculate Leveraged Liquidations Caused Market Crash
The price of Bitcoin fell as much as 30% Wednesday, continuing a significant sell-off in the cryptocurrency markets that began a few days ago. The digital currency declined as low as $30,001.51 as the selling intensified before paring some of those losses. The cryptocurrency hasn't traded at such value since late January. Elon Musk drama and China Banking Association warning member banks of risks associated with digital currencies have contributed to the plunge. However, analysts say that over-leveraged positions being…
4 years ago