Breaking down the 20% Bitcoin market crash: over $2.8 billion liquidatedBTC $30,568 (-23.2%) • ETH $933 (-28.9%) • LTC $117 (-33.8%)
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It’s been a bloody past day for the Bitcoin and broader crypto market. Early this weekend, the cryptocurrency market was gunning for new all-time highs: Ethereum had pushed to $1,350, altcoins were up by double digits, and Bitcoin was holding key supports in the $40,000-41,000 region. Now, Bitcoin trades for $30,600 and Ethereum trades for under $1000. That’s to say, the crypto market is down in excess of 20 percent from the recent highs. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. Trending … 🚜 DeFi Tokens • 🔮 Oracle Tokens • 📈 Biggest Gainers • 💵 Stablecoins More news ⏬Here’s why the UK financial regulator said crypto investors can “lose all their money”The regulator issued the warning shortly after crypto markets took a hit on Monday. Community reacts as Dan Larimer exits EOS even after $4 billion ICOThe EOS founder left after three years of working on the high-speed blockchain project. Yearn.finance founder hints at collaboration with top DeFi protocol CurveOver the past few months, Yearn.finance (YFI) has been on a collaboration spree. Privacy coin narrative gains steam despite Bittrex delistings: XMR, ZEC, DASH gain 20%Early this year, privacy-focused coins were seemingly dealt a death blow by Bittrex, a popular crypto-asset exchange. Parabolic Bitcoin market cap sees BTC briefly top Facebook valuationA fantastic run of form from Bitcoin has resulted in a new all-time high market cap of over $760 billion. Bitfinex whale “claims” $1.7 billion Ethereum long opened in March 2020If you’ve been on Crypto Twitter any time over the past year, you’ve likely seen much discussion about Bitfinex’s Ethereum market. Shyft Network’s Joseph Weinberg on the meaning of Bitcoin (and DEXs for 8 billion people)
The DeFi market has boomed in 2020, attracting billions of dollars across use cases like lending, derivatives, decentralized exchanges, and others. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article.
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