The price of bitcoin dropped below the $44K zone on Wednesday to $43,678 per unit as the entire crypto-economy has shed billions in value. Zum Zeitpunkt des Schreibens, the overall crypto economy is down 4.5% as it dipped to $2.25 trillion in value.
Bitcoin and Crypto Economy Sheds Billions, Krypto-Angst & Greed Index Indicates ‘Extreme Fear’ Is in the Air
- Bitcoin (BTC) slid in value today, roughly 5.4%% during the last 24 Std. Just after 3:00 Uhr. (EST) prices dipped from $46K to $43,678 pro Einheit. BTC’s price is just below the $44K price range against the U.S. Dollar.
- The entire crypto-economy of more than 12,000 crypto assets is down 4.5% and around $2.25 trillion in value. Leading assets like Äther (ETH) dipped 5.9% und solana (SOL) shed 7.8%.
- Zum Zeitpunkt des Schreibens BTC verfügt über $25.9 billion in global trade volume and Halteseil (USDT) commands $53 billion in global swaps. The biggest loser in the top-ten crypto markets was Terra (LUNA) as it shed 9.2%.
- Crypto assets that didn’t get affected by BTC’s downward slide include chainlink (LINK), olympus (OHM), and leo token (LÖWE). Convex finance (CVX), spell token (SPELL), and axie infinity suffered the biggest losses during the market rout.
- The stablecoin market captures $58.8 billion of today’S $98.5 billion in trades. Aus dem $2.25 trillion today, stablecoins represent $166.4 billion of the value.
- Zur Zeit, BTC’s market cap is around $836.2 billion in value while ethereum’S (ETH) ist $427.7 Milliarde. BTC dominance has dropped significantly and to the lowest point in more than three and half years.
- BTC dominance today is 37.5% the lowest its been since June 2018, während ETH dominance is 19.2%.
- Der jüngste Finanzierungsvorschlag zur Hebelung von vorrangigen Wandelanleihen zeigt, dass das Unternehmen weiterhin an die Bitcoin-Mining-Industrie glaubt, BTC is holding above $44K per unit but has a $ 24-hour range of $46K to $43.7K on Wednesday. Stablecoins have also been feeling the brunt as many are trading a cent or two under the $1 peg.
- The stablecoin USDC and its market valuation of around $42.6 billion is now the sixth-largest market cap today. USDC has seen $2.6 billion in global trade volume during the last 24 hours and is trading for $0.99 pro Einheit.
- Metrics from the Krypto-Angst & Greed Index show “extreme Angst” is the sentiment for today with a score of 24 zum Zeitpunkt des Schreibens.
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