Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$106,128.00
-2.29%$2,647.00
-5.23%$2.20
-3.57%$656.19
-1.53%$153.07
-5.28%$0.999841
0.00%$0.18199
-6.52%$0.271698
-2.05%$2,643.34
-5.34%$0.662907
-5.39%$40.88
-1.67%$106,102.00
-2.37%$3,188.87
-5.34%$3.23
-5.29%$14.02
-6.78%$20.43
-5.58%$429.79
1.27%$0.269449
-3.15%$8.88
-1.87%$3.10
-4.37%$0.00001226
-5.95%$0.999889
0.03%$2,647.14
-5.16%$0.164287
-5.41%$2,828.40
-5.43%$86.89
-4.79%$3.95
-5.90%$1.002
0.14%$1.00
-0.00%$318.79
-3.24%$4.61
-3.30%$34.10
6.53%$0.00001161
-7.06%$106,058.00
-2.33%$7.71
-4.18%$0.617369
-2.02%$291.65
-4.37%$1.18
-0.11%$386.61
-5.41%$53.58
-1.37%$5.81
-3.59%$4.73
-6.02%$2.39
-7.83%$1.00
0.00%$0.096176
-2.94%$184.93
-5.26%$17.19
-5.17%$0.815059
-6.48%$1.055
0.01%$30.19
-6.22%$0.659143
-1.61%$0.083322
-4.26%$1.00
-0.23%$17.55
-3.55%$0.02353406
-6.34%$10.07
-6.47%$4.28
-4.86%$0.315836
-9.84%$105,282.00
-3.05%$4.45
0.31%$0.212119
-6.54%$0.72461
-6.92%$3.58
-7.66%$0.369826
-7.80%$0.084551
-2.07%$2.52
-6.25%$114.40
-2.11%$1.029
-8.48%$2,648.38
-5.51%$0.18088
-9.51%$4.46
-2.47%$1.00
0.16%$0.997678
-0.27%$1.00
0.03%$1.56
-3.48%$11.31
-0.57%$161.86
-5.83%$1.96
-9.07%$0.430324
-8.94%$1.26
-8.53%$3,009.96
-5.34%$1.89
-11.69%$0.01829103
-3.52%$1.23
-1.88%$12.52
-7.09%$2,765.15
-5.52%$0.00001552
-8.31%$0.358252
-6.95%$0.635064
-9.57%$3.81
-4.58%$0.063247
-6.37%$1.00
0.01%$1.001
-0.12%$0.65097
-5.57%$0.185774
-7.47%$2,820.41
-5.31%$0.999777
0.02%$0.165659
-4.39%$2,768.69
-5.50%$106,073.00
-2.18%$2,780.54
-5.06%$0.8915
-6.95%$0.48133
-10.13%$0.562635
-11.29%$655.81
-1.80%$105,901.00
-2.36%$0.090713
-6.62%$0.629826
-7.02%$3,384.89
0.89%$2.57
-0.33%$3,401.31
0.90%$105,288.00
-2.63%$0.00008355
-8.74%$0.87709
-8.62%$48.84
-3.45%$170.68
-5.22%$2,855.93
-5.39%$198.93
-5.29%$0.746856
-5.81%$0.011364
-1.86%$0.01588069
-7.80%$21.46
-6.52%$1.11
0.03%$111.40
0.01%$0.177049
-7.32%$0.00000069
-1.76%$0.0139357
-5.06%$0.274916
-5.29%$0.999953
-0.02%$1.97
-8.23%$0.48811
-7.03%$0.11372
-9.00%$0.01030865
-10.31%$2.22
-5.41%$3.89
-3.80%$0.594646
-3.13%$2.01
-0.09%$0.997582
-0.03%$30.71
-8.02%$0.604946
-5.61%$105,829.00
-2.30%$40.93
-1.34%$0.223276
-2.83%$1.094
0.00%$2,645.39
-5.16%$0.362566
-5.17%$0.998637
-0.09%$1.61
-6.58%$2,643.79
-5.37%$2,769.78
-5.77%$0.692596
-3.42%$0.663222
18.91%$2,816.74
-5.55%$0.276206
-4.85%$0.485748
-2.90%$106,057.00
-2.31%$8.92
-3.90%$2,642.75
-5.36%$106,115.00
-2.26%$55.10
-7.52%$2.72
-5.51%$1.71
-10.93%$0.04944447
-11.01%$0.994364
0.15%$0.01418602
-5.19%$0.476052
-14.11%$40.87
-1.47%$0.182359
-6.21%$0.414322
-2.08%$0.04509826
-9.04%$0.061877
0.44%$0.999634
-0.07%$0.445071
-6.76%$0.369256
-8.74%$0.999754
-0.00%$1.40
-11.21%$1.51
-5.43%$6.50
-7.89%$0.126771
-9.71%$0.533701
-8.46%$0.0000211
-5.41%$5.87
-6.12%$37.68
-0.80%$0.999933
0.02%$14.45
-6.68%$0.00409635
-7.06%$0.565478
-10.42%$1.09
0.00%$0.00000041
-0.97%$1.029
-20.47%$0.996977
-0.14%$0.00439375
-6.31%$2,816.89
-5.12%$0.00000103
-7.69%$0.07872
-4.72%$2,633.52
-5.64%$2.44
-5.87%$0.157842
-6.51%$0.00657718
-6.70%$1.15
-10.53%$0.998761
0.00%$0.144533
-8.04%$0.178324
30.63%$2,912.98
-5.28%$0.03745779
-5.08%$0.0184648
-2.39%$0.355249
-1.50%$1.46
-13.69%$2,892.44
-5.12%$0.535876
-6.03%$1.28
-6.41%$2,644.16
-5.35%$0.346199
-11.47%$106,104.00
-2.21%$0.00408865
-9.28%$104,113.00
-4.14%$0.070414
-7.12%$0.03281449
-4.02%$0.00615251
-7.73%$0.774124
-5.11%$166.45
-5.10%$0.00380728
-4.61%$0.999932
-0.00%$0.02100815
-1.48%$0.00005839
-4.43%$2,644.10
-5.37%$19.32
-3.07%$0.999644
0.05%$0.212484
-6.40%$20.41
-6.55%$118.60
-7.01%$0.999132
-0.25%$7.40
-5.70%$0.66305
-6.92%$0.653451
-4.21%$0.00000143
0.85%$1.001
-1.20%$0.204929
-6.65%$106,528.00
-2.10%$1.018
-0.14%$24.67
-6.59%$0.457173
-6.33%$0.999871
-0.00%$2,133.09
-2.23%$0.00389674
-10.41%$0.00301137
-9.19%$101,962.00
-0.23%$1.62
-2.28%Reading
Markets continued to slide on Friday—with BitcoinBitcoin, EthereumEthereum and Solana all suffering double-digit seven-day losses.
Bitcoin was trading for $47,985.20 at the time of writing, a 15% decline over the past week. The largest digital asset is down over 30% from its all-time high of $69,044.77 one month ago, per CoinGecko figures.
Ethereum, the second biggest cryptocurrency by market cap, was also down 11.4% in seven days, trading for just over $4,000.
The altcoinaltcoin market also mostly took a beating. Solana, an Ethereum-competitor and the fifth-biggest cryptocurrency, was trading for $173, shedding 25% of its value in a week.
Other altcoins that suffered heavy losses over the last seven days included Polkadot (down 23% in a week); Dogecoin (down 19%); Avalanche (down 21%). Almost all were down in the past day too.
What could be causing the big dip in prices? Decrypt reported yesterday that after Chinese real estate developers Evergrande and Kaisa were unable to make scheduled U.S. dollar bond payments, stock prices dipped—and cryptocurrency followed suit due to the large number of institutional investors with skin in the game.
Analyst and trader Alex Kruger told Decrypt today that it was also likely down to "year-end profit taking." "Think performance fees, bonuses, audits, wash sales, tax loss harvesting," he said. "It happens."
According to a report by The Economist, in the first nine months of 2021, the crypto industry spent $5 million lobbying the United States Senate–half of which was spent in Q3 alone, amounting to quadruple the amount spent over the same period last year. Coinbase was one of the biggest supporters of the cause, spending $625,000 in Q3. Jack Dorsey’s Block, formerly known as Square, has spent over $1.7 million on lobbying since April last year. These efforts haven’t been in vain, either. On Wedn...
Bitcoin Cash developer Chris Troutner said that it was likely down to this too. He added that "prices always seem to dip before the end of the year"—except for last year, an exceptional year when "institutional investors piled into cryptocurrency to get ahead of inflation."
In 2018 and 2019, Bitcoin's price did dip at the end of the year. This could be down to "people selling to buy presents," he told Decrypt.
Whatever is causing the dip in prices, could a chilly crypto winter be around the corner?
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
Crypto prices are falling fast Thursday afternoon, forcing the liquidation of many an optimistic bet on future prices—with over $320 million worth of long bets getting wiped out in the last hour alone. That's according to data from CoinGlass, which shows nearly $328 million worth of total liquidations over the last hour, nearly all longs, along with $713 million worth of crypto positions liquidated over the last day. During that span, $650 million worth of the liquidations were long positions, o...
Few places on the internet allow individuals to make predictions on sports, crypto, politics, and more—all while putting their money where their mouth is. One such spot is prediction markets, which provide users the opportunity to express their knowledge across disciplines via real-time markets trading. Whether it’s Bitcoin price movements or sports outcomes, users can win big with smart calls. Check out some of the best and most interesting markets on Myriad Markets in this week’s roundup below...
Publicly traded DeFi Development Corp. entered into an agreement for a $5 billion equity line of credit with RK Capital the firm announced on Thursday. Based on the agreement, the AI-powered real estate platform turned Solana treasury company will have the right—but not the obligation—to issue and sell up to $5 billion in shares of common stock to RK Capital, a DFDV partner and PIPE investor. “An equity line of credit (ELOC) gives us flexibility. Rather than locking in one-time pricing in vola...