$93,620.00
1.74%$1,791.70
2.93%$2.22
0.72%$606.02
-0.81%$150.67
2.78%$0.999973
0.01%$0.178746
1.45%$0.697037
4.84%$0.246514
0.25%$1,789.03
2.45%$93,569.00
2.00%$2.95
15.64%$14.94
6.95%$22.32
2.11%$9.12
0.94%$0.266592
0.89%$3.19
5.22%$0.00001342
-1.34%$2,153.60
4.10%$0.179766
0.62%$0.999892
0.01%$357.97
-0.12%$82.91
-1.00%$4.08
2.54%$18.52
-2.06%$4.49
-0.66%$1.001
0.08%$1,792.33
2.59%$0.999203
0.25%$0.660049
1.72%$229.67
2.96%$28.61
0.48%$1,912.29
3.31%$93,504.00
1.74%$0.00000881
0.95%$6.00
4.40%$5.33
3.09%$52.08
0.19%$2.48
4.51%$341.79
1.51%$14.73
62.21%$0.91632
0.85%$23.53
-0.68%$5.12
2.81%$32.46
-1.15%$16.73
0.82%$1.00
0.00%$1.049
0.00%$165.31
5.82%$0.095633
1.80%$0.089856
-0.61%$0.701702
1.18%$4.53
1.33%$0.02595082
3.33%$1.17
0.06%$4.38
2.06%$93,226.00
1.72%$0.220327
1.31%$0.337085
7.65%$0.213068
3.90%$2.77
3.76%$4.24
0.07%$2.78
2.04%$0.509804
2.30%$0.618027
-0.73%$0.336991
5.94%$0.996761
-0.27%$4.12
1.61%$92,991.00
1.44%$10.34
2.74%$0.452104
4.10%$0.762819
4.21%$157.87
2.61%$1,459.11
1.63%$0.075308
0.21%$0.00001509
2.13%$0.766298
-6.07%$0.861739
5.18%$1.092
-0.68%$1,791.71
2.86%$1.063
-5.35%$0.580149
6.10%$0.016648
1.40%$72.00
4.88%$1,870.42
4.03%$0.664701
0.29%$3.71
5.11%$0.194106
4.54%$1.00
-0.15%$9.51
3.38%$0.99999
0.00%$0.090658
1.92%$0.650858
-3.47%$2,019.17
2.84%$1.00
0.01%$3,302.08
-2.27%$14.26
-7.59%$0.01672101
11.40%$606.60
-0.88%$1.00
-0.02%$92,516.00
1.82%$3,305.01
-2.11%$165.76
2.59%$193.75
2.87%$2.58
0.21%$0.01697854
2.96%$93,448.00
1.27%$0.811154
4.74%$0.194831
4.40%$0.296385
2.53%$0.02161296
17.72%$1,904.16
3.17%$0.11708
-0.97%$0.681416
1.52%$0.00006992
7.44%$0.997932
0.04%$3.64
-4.94%$0.647795
-1.48%$0.508172
12.24%$0.00000064
1.35%$2.03
2.19%$93,567.00
1.87%$1.001
0.15%$0.394062
1.26%$30.68
0.38%$0.243721
5.86%$1.10
-0.32%$0.313697
1.35%$1.81
-1.36%$1,875.37
3.32%$16.90
3.75%$0.533972
0.56%$34.07
6.45%$0.1505
2.28%$0.0058888
-6.36%$0.533984
9.38%$3.27
-4.93%$0.538497
-1.02%$0.051725
29.48%$0.99796
-0.30%$0.640867
2.93%$90,641.00
1.35%$94,807.00
-0.24%$0.518111
0.45%$0.067314
0.10%$0.737596
12.16%$0.439259
1.49%$0.00832909
-5.54%$93,464.00
1.79%$1.69
1.13%$0.999983
0.01%$0.178679
1.53%$1.30
-0.59%$1,859.22
3.34%$2.14
8.82%$0.999983
0.23%$0.149141
5.43%$0.00002175
-0.19%$15.32
2.35%$0.172516
32.50%$0.538993
21.04%$1,791.19
4.01%$110.80
0.01%$6.00
2.64%$93,243.00
1.49%$0.00000043
-0.04%$6.40
7.18%$0.00656286
5.17%$0.511896
4.61%$1.084
0.04%$0.997915
-0.58%$2.50
2.14%$0.078256
3.67%$3.60
-1.62%$1,790.68
2.91%$0.04075288
3.62%$1,790.95
2.74%$1,907.59
2.03%$42.72
1.29%$0.220397
1.46%$0.32167
3.60%$1.00
0.02%$0.080906
1.47%$0.00698156
5.51%$1,790.04
3.38%$0.999678
0.04%$21.65
-0.83%$0.176658
1.20%$0.998794
-0.66%$0.00412135
1.22%$0.00006393
2.07%$0.557725
-0.46%$0.822528
1.61%$0.01733183
0.98%$1,833.66
3.61%$1.00
-0.14%$0.328367
0.20%$0.999761
-0.00%$0.00000156
12.42%$0.119475
1.21%$0.03158728
0.44%$0.330125
3.87%$2.71
1.84%$93,438.00
1.68%$1.22
5.79%$0.00434936
45.15%$0.663729
8.85%$27.07
5.01%$0.703972
3.94%$0.999532
-0.22%$0.649615
7.75%$113.39
2.03%$0.237933
2.39%$0.139537
-0.63%$1,773.91
3.34%$3.56
-0.38%$93,107.00
1.83%$0.999294
0.03%$0.275415
2.03%$22.33
2.12%$2.89
3.67%$0.27048
0.41%$3,188.08
0.03%$1,897.55
4.21%$1,793.52
3.09%$0.187776
2.13%$0.112044
0.89%$0.03721771
1.24%$0.511843
2.86%$1.074
9.15%$1,877.94
1.69%$0.01266812
1.07%$0.251072
13.66%$22.30
1.75%$0.440706
1.63%$15.25
5.17%$0.02946803
2.59%$0.728418
2.17%$0.940458
3.54%$0.999769
-0.02%$0.00270845
-1.11%$1,962.44
2.49%$1,948.11
2.67%$0.999729
0.01%$93,665.00
2.55%$0.00264769
3.81%$18.45
-2.55%$0.00
4.33%Reading
Bitcoin (BTC) and Ethereum (ETH) have both slipped by double digits over the past 24 hours, sparking a wave of liquidations.
Bitcoin, the largest cryptocurrency with a market capitalization of over $470 billion, is down over 11% over the past 24 hours.
The leading cryptocurrency is currently changing hands at $24,437, a level last seen in December 2020. BTC is down over 64% from its all-time high of nearly $69,000, recorded in November 2021, according to data from CoinMarketCap.
The price of Ethereum has also dropped by over 15% in the last day, putting it under $1,300 for the first time since December 2020.
Ethereum has lost over 74% of its value since November 2021, when it hit an all-time high of $4,891.70, according to data from CoinMarketCap.
The ripple effects of the price crash are being felt across the crypto market. Solana (SOL) is down over 18% in the last day to around $27, according to data from CoinMarketCap. The coin has slipped by over 38% in the past week.
Other layer-1 blockchains including Avalanche (AVAX), Polkadot (DOT) and Cardano (ADA) have posted double-digit losses over the past 24-hours.
Over $778 million has been liquidated in the crypto market over the past 24 hours according to data from Coinglass.
Ethereum leads the liquidations with $302 million liquidated, closely followed by Bitcoin with $300 million and Solana with $15 million over the same period of time.
The primary reasons behind today’s bearish action are uncertainty among cryptocurrency lending services and extended plummeting of DeFi activity.
Crypto lending platform Celsius (CEL), paused all withdrawals and swaps in the early hours of Monday morning, causing its token to plunge by 70% in one hour.
.@CelsiusNetwork is pausing all withdrawals, Swap, and transfers between accounts. Acting in the interest of our community is our top priority. Our operations continue and we will continue to share information with the community. More here: https://t.co/CvjORUICs2
— Celsius (@CelsiusNetwork) June 13, 2022
CEL is currently trading at $0.19, down over 50% in the past 24 hours. Other DeFi lending services have seen their tokens slide, with Compound (COMP), Nexo (NEXO) and Aave (AAVE) all dropping by over 15% in the past 24 hours.
Nexo is the worst hit of the lending services after Celsius, with its token trading at $0.74, down almost 25% over the past 24 hours.
Total Value Locked (TVL) on Ethereum has dropped by over 9% to $56 billion in the last 24 hours, according to data from DefiLlama.
Lending platforms including Aave, Compound and Lido lost at least 5% of their TVL (or locked liquidity) over the same period of time.
Activity has slowed across the wider DeFi space, with TVL on Solana and Avalanche both dropping by over 13% over the same time period, according to data from DefiLlama.
The crypto market crash isn’t taking place in isolation, with wider financial markets also showing bearish action. The UK’s FTSE index is down 1.56%, Germany’s DAX index is down 2.03%, France’s CAC index down 2.39%, and India’s Sensex index is down 2.86% during Monday’s trading hours.
There’s a wry humor in the fact that Bitcoin has at times been very closely correlated with traditional markets. Bitcoiners generally prefer that BTC not have a high correlation with traditional assets, like stocks and bonds. After all, one of the core tenets of the world’s largest cryptocurrency by market capitalization—$379 billion as of this writing, according to CoinGecko—is that it bypasses traditional finance. That’s why self-avowed Bitcoin fans, like Gemini co-founder Cameron Winklevoss,...
People moving on from the “speculative bubble” that is crypto, NFTs, and meme stocks is a positive sign for the U.S. economy, according to Wall Street heavyweight Ken Griffin. Miami-based trading firm Citadel Securities’ founder said in a Wednesday interview with CNBC that government handouts in 2020, in response to the COVID-19 lockdowns, led to investors pumping their cash into “speculative assets” like NFTs, crypto, and meme stocks. So-called meme stocks, shares of companies that gain a fol...
Institutional investor Bitcoin sentiment turned pessimistic on Friday as short Bitcoin inflows hit an all-time high, according to a new report from CoinShares. Short Bitcoin funds give investors exposure to derivatives, like futures and options, that bet against the price of Bitcoin. While investors can enter into those contracts directly, the CoinShares report tracks the flow of funds for exchange-traded products. By the end of last week, short Bitcoin investment products hit an all-time high...
