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…
Market Dump
$1.4 Billion Worth of Bitcoin Liquidated in a Recent Two-Day Bitcoin Plunge
Bitcoin and other digital coins saw a two-day decline on Monday, wiping $170 billion from the entire cryptocurrency market. According to Coinmarketcap, its market cap was $1.1 trillion the day before and currently stands at $954.53 billion. The cryptocurrency sell-off occurred after a significant rally signaling investors profit cash out. Bitcoin is still up more than 340% in the past 12 months, hitting a record high of under $42,000 last week. Crypto Exchanges Report High Liquidation Volumes The largest cryptocurrency…
4 years ago