Bitcoin Drops Below $40K, Crypto Economy Down 17%, Markets Lost $250 Billion ...
On Wednesday, cryptocurrency markets continue to drop lower in value, as the entire crypto-economy has plunged 17% below the $2 trillion mark and now rests at $1.801 trillion. Bitcoin, the leading cryptocurrency in terms of market capitalization, touched a high of $40,770 per unit at 4:48 a.m. (ET). A few hours after hitting that price range, the crypto asset tapped a low of $36,250 dropping over 11%. Cryptocurrency Markets Shed Billions, Crypto Economy Plunges Below $2 Trillion Bitcoin (BTC) has lost considerable value during the last few days, alongside a great number of other digital....
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During the last 24 hours, the crypto economy has lost 8% in value as a great number of crypto asset prices dropped significantly during the overnight trading sessions. Crypto markets lost more than $22 billion in value as the leading digital currencies in the top 20 standings lost anywhere between 6% to 20%.
Global Markets Lurch in Fear Over B.1.1.529 Variant
Global markets are shaken today as headlines declare that a new Covid-19 variant called B.1.1.529 is spreading beyond South Africa where it was discovered. The B.1.1.529 variant is said to be more contagious than the Delta....
While the crypto economy shed billions this week, the total value locked (TVL) in decentralized finance protocols slipped under the $200 billion range to $196.6 billion. The TVL in defi lost roughly 3.16% during the last day, and the $592 billion in smart contract protocol tokens dropped in value by 3.5% over the last 24 hours. Defi TVL Slips Below $200 Billion, Numerous Protocols Shed Billions, Dex Trade Volume Dives The value locked in defi has slipped under the $200 billion mark for the first time since March 16, 2022. At the time of writing the total value locked (TVL) is roughly....
While crypto markets, in general, have been dropping significantly in value, the decentralized finance (defi) economy has shaved more than $21 billion during the last week. Statistics show that the total-value locked (TVL) in defi touched $87 billion on May 11, and since then the aggregate total has slid to $66 billion in value. Weekly Stats Show Defi’s Total-Value Locked Metric Loses $21 Billion, TVL Drops 24% Decentralized finance (defi) has been a very popular subject in 2021, as the economy’s TVL has accrued billions of dollars in just a few short months. Last week, the TVL....
While the crypto economy has shed more than 3% in fiat value during the last 24 hours dropping to $2.09 trillion, the top rebase tokens by market capitalization have seen significant losses this week. At the time of writing, the rebase token economy is valued at over $3.2 billion but has lost more than 10% in value during the last 24 hours. The largest rebase token economies such as Wonderland, Olympus, and Redacted Cartel have shed between 36% to 55% over the last week.
Top 3 Rebase Token Protocols Shed Billions in Value Over the Last Week, Wonderland Down 87% Since High
On the....
The crypto market has now seen more than $50 billion lost in a one-day period as the market lost its recovery streak. This had been expected for the market due to the large recoveries recorded in a short period of time. This has brought down the crypto total market to an important level. Crypto Market Drops Below $1 Trillion Bitcoin and Ethereum’s remarkable recoveries last week had done enough to push the whole of the market upward. As a result, the crypt market quickly added more than $100 billion during this time. It had pushed the total market cap above $1 trillion once more, too much....