$84,287.00
-2.99%$1,881.66
-6.20%$2.19
-6.68%$626.65
-1.49%$129.93
-5.88%$0.999949
0.00%$0.180276
-6.18%$0.700246
-4.33%$0.232036
0.14%$1,879.94
-6.36%$84,216.00
-2.98%$3.96
1.22%$14.22
-8.75%$9.71
-0.63%$0.273811
-4.11%$20.07
-8.46%$2.56
-5.64%$2,255.24
-6.48%$0.00001323
-7.31%$0.999805
-0.10%$0.182343
-4.84%$87.54
-6.16%$4.30
-6.07%$6.28
-4.53%$308.50
-5.05%$0.83059
1.92%$4.70
-5.38%$1,880.17
-6.28%$0.99895
0.01%$0.999332
-0.16%$13.78
-4.54%$1,999.49
-6.28%$28.89
-0.85%$217.94
-2.24%$6.16
-9.03%$5.53
-6.56%$2.75
-8.22%$0.00000775
-8.65%$1.044
-0.10%$0.106733
7.52%$36.70
2.36%$48.76
-2.67%$22.90
-3.17%$0.813404
-3.35%$84,358.00
-2.88%$5.62
-6.89%$0.845329
-6.88%$17.03
-4.83%$170.84
-6.62%$1.00
0.39%$1.16
-0.10%$251.09
-7.67%$0.02425318
-7.18%$0.388947
-7.21%$10.25
-7.42%$4.59
-5.14%$3.52
-6.41%$1.00
0.00%$3.70
-5.73%$2.84
-5.87%$0.210653
-9.98%$0.069982
-7.11%$84,104.00
-2.77%$0.551369
-8.89%$4.02
0.09%$0.200695
-4.45%$0.34986
-8.58%$0.50364
-7.17%$5.41
-6.22%$11.15
-2.03%$0.832545
-8.63%$0.507953
-7.22%$84,199.00
-2.99%$1,427.36
0.47%$0.486262
-0.92%$1,954.62
-6.33%$1,880.23
-6.28%$1.12
-4.63%$0.068553
-4.07%$135.39
-6.05%$72.42
-4.20%$18.21
1.75%$0.577948
-9.54%$0.856311
-9.10%$0.661359
-9.25%$0.00001242
-10.21%$0.999174
-0.12%$0.192253
-9.00%$2,129.48
-6.27%$0.997526
-0.02%$9.37
-10.42%$0.095396
-9.57%$8.39
-1.67%$0.893662
-9.84%$0.584503
1.97%$0.999267
0.05%$0.999398
-0.15%$0.01369936
-6.08%$0.924103
-9.96%$83,787.00
-3.03%$0.999465
0.02%$3,094.40
1.18%$0.99957
-0.13%$626.32
-1.68%$1,995.53
-6.26%$0.01679682
-8.90%$0.679104
-6.93%$2.28
-4.17%$0.282583
-8.30%$0.186083
-5.40%$84,103.00
-3.04%$0.00000068
-3.14%$0.511959
-12.02%$3,084.52
0.74%$33.21
-5.85%$166.38
-5.78%$2.14
-9.47%$0.999951
-0.13%$0.106773
-3.31%$0.395189
-6.10%$8.46
-1.72%$0.00006368
-9.22%$0.473783
-4.39%$36.30
-6.10%$1,958.56
-6.14%$3.10
-6.05%$0.01150779
-10.58%$0.153674
-9.38%$16.63
-7.15%$142.40
-5.80%$1.86
-6.39%$0.00088195
-25.91%$0.999472
-0.03%$0.075868
1.67%$0.687488
-7.38%$0.999316
-0.01%$3.12
-8.01%$0.499735
-8.81%$0.998602
0.01%$0.261729
-6.45%$0.00530786
-11.58%$0.524312
-14.40%$16.98
-9.93%$6.75
-9.06%$0.436779
-7.63%$81,625.00
-2.60%$7.18
-2.65%$0.999921
-0.07%$0.466438
-10.50%$0.180058
-6.32%$0.733278
-5.71%$1,995.29
-6.31%$26.98
4.90%$0.159682
-8.73%$1,881.31
-6.18%$0.667129
-9.34%$2.67
-7.98%$84,389.00
-2.73%$1.56
1.86%$0.085178
-7.90%$0.00000043
-1.27%$84,455.00
-3.00%$0.00799824
-19.89%$0.0438291
-7.93%$1.17
-7.54%$0.409684
-6.69%$1,879.81
-6.34%$0.00648178
-6.76%$1.082
0.06%$1,878.94
-6.15%$0.998788
0.16%$0.00002025
-7.86%$0.49867
-3.85%$0.500554
-10.11%$110.47
0.01%$1.097
0.11%$0.00687205
-13.74%$0.404545
-4.06%$1,960.48
-6.29%$0.210817
-10.18%$84,056.00
-2.97%$0.889172
-5.42%$41.23
-7.90%$0.179389
0.48%$0.998802
-0.03%$83,648.00
-3.07%$1.00
-0.08%$1,906.56
-5.59%$0.00000166
-5.55%$1,881.27
-6.18%$0.999507
0.08%$0.000062
-5.43%$0.03386316
-6.68%$1.40
-9.61%$0.00389877
-7.39%$0.00989952
-7.59%$1.001
-0.34%$124.22
-5.58%$2.86
-8.46%$1.28
-11.09%$0.55884
-19.05%$0.25362
-8.68%$0.263086
-5.90%$0.03093216
-1.24%$3.85
-3.37%$1,861.87
-6.20%$0.675014
-6.52%$1,879.84
-6.13%$0.834774
-8.72%$1.35
5.78%$22.75
-5.78%$2.93
-2.18%$16.79
-7.40%$84,124.00
-3.09%$82,834.00
-3.66%$0.196457
-8.01%$0.269955
-5.55%$1.11
-14.28%$0.091448
-11.31%$1,987.27
-6.36%$2,056.55
-6.32%$0.00255058
-5.91%$0.070427
-9.24%$3,077.33
0.77%$0.03742533
-6.90%$0.113349
-7.94%$0.03249615
-7.72%$0.505365
-3.50%$1.031
-10.78%$0.00338196
-9.14%$0.551113
-9.47%$2,038.75
-6.26%$0.0053341
-8.02%$0.33403
-17.07%$0.03147208
-7.45%$0.999805
-0.02%$0.115984
-3.89%$1,883.01
-7.28%$1,692.54
-2.93%$0.68765
-7.66%$0.01177585
-7.61%$0.540773
-0.49%$0.581293
-5.46%$0.00249315
-23.68%$20.20
-1.90%$2.21
9.02%$2.19
-1.68%$0.217948
-15.96%Reading
The price of Bitcoin fell by more than 11% in 24 hours to dip below the $30,000 mark for the first time since July 2021.
It's more than 55% lower than its all-time high of $69,000, set last November.
Other top-10 coins also suffered double-digit-percentage drops, led by Cardano (20%), Solana (16%), XRP (13%), BNB (16%), and Ethereum (10%). All told, the cryptocurrency market dropped 13% from the previous day. The $1.37 trillion market cap is its lowest this year.
Even some stablecoins are faced with declining prices, as Terra USD lost its 1:1 peg to the U.S. dollar.
From Decrypt's Learn section, U.S. Managing Editor Guillermo Jimenez explains the price volatility of Bitcoin, how large whales with huge holdings have the power to move the market, and why as Bitcoin adoption grows, it's likely to get less volatile over time.
Bitcoin and cryptocurrency markets have become increasingly correlated to stock prices over the past year as institutions jump aboard. Thus, Wall Street is also having a rough day as tech stocks continue to go on sale. The Nasdaq index dropped by 4.2%.
The decline can likely be attributed to nervousness over the Federal Reserve's determination to quell inflation, which is at its highest rate since the early 1980s. The Fed last week announced an interest rate increase of 50 basis points while also pledging to reduce its holdings; instead of buying bonds to stimulate the economy, it will be selling them to ward off inflation.
While the news initially caused an upward swing in equities and crypto prices thanks to pre-announcement expectations that the monetary tightening would be even more aggressive, the news settled in by Friday and markets have been declining ever since.
Drastic times call for drastic measures. And today, the Luna Foundation Guard (LFG), a non-profit supporting all things Terra (LUNA), has voted to lend $1.5 billion in crypto to protect its native stablecoin. The organization’s council voted to lend out $750 million in Bitcoin from its reserves and $750 million in TerraUSD (UST) to keep the latter asset pegged to $1. The organization made the loan to an unnamed “professional market maker,” according to the founder and CEO of Terraform Labs Do...
Adding to the cryptocurrency market's woes, in particular, is Luna Foundation Guard's decision to empty $750 million Bitcoin reserves to shore up Terra's LUNA stablecoin. With one of the largest Bitcoin-holding wallets splashing so much BTC on the open market, it put downward pressure on the price. LUNA itself dropped over 31% in the span of 24 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...
