The market capitalization for cryptocurrencies fell by some 12% in the last 24 hours to nearly $970 billion on Monday morning, data from CoinMarketCap shows.A similar capitalization was previously seen in January 2021, data shows. In the past 24 hours, bitcoin lost 13% while ether slid 17%.
Bitcoin dominance increased to over 47% over the weekend, suggesting investors held bitcoin and risked off from alternative cryptocurrencies. The fall came amid a decline in global stocks after poor U.S. Consumer Price Index data for May was released last week. Inflation rocketed to over 8.3% on a year-on-year basis, denting investor sentiment.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
shauryamalwa Please show 10year chart
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stablecoin Market Nears 15% of the Entire Crypto Economy's Market Valuation – Altcoins Bitcoin NewsCurrently, the crypto economy is worth roughly $1.15 trillion and the stablecoin economy represents 13.8% of that total today. POLYGON perfectly 🌠💯 Free Airdrop MATIC MATICx1O Don't miss MATICx1O The magician group is a cheating group. It proved what a fraudulent group it is by not returning my magic tokens that I sent by mistake.. ATTENTION!!! They tell me a REFUND is not technically possible... lol
Source: BTCTN - 🏆 531. / 51 Read more »
Dragonfly’s Haseeb Qureshi Is Still Optimistic in the Crypto Bear Market“DeFi is not a story about today – it's a story about the future,” Haseeb Qureshi (hosseeb) said at Consensus2022. Story via danielgekuhn hosseeb 2077? hosseeb Platforming a serialscammer i see hosseeb hosseeb also wrote a fantastic piece on stablecoins. Read my breakdown to avoid buying the wrong ones.
Source: CoinDesk - 🏆 291. / 63 Read more »
NFT and Crypto Games Outperformed DeFi Amid Market Selloffs in May: ReportUsers adoption and the number of web3 developers rose amid the bear season aggravated by the macroeconomic situation and Terra's debacle, DappRadar found.
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Crypto lending firm Celsius pauses withdrawals and transfers, citing market conditionsCrypto lending firm Celsius told clients in an email Sunday evening that it is pausing withdrawals and transfers, citing market conditions.
Source: CryptoPanicCom - 🏆 563. / 51 Read more »
Traditional Hedge Funds Not Deterred by Crypto Market Downturn and VolatilityDespite the ongoing market uncertainty, traditional hedge fund entities continue to pour funds into cryptocurrency products and assets.
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Crypto lending firm Celsius pauses withdrawals and transfers, citing market conditionsCrypto lending firm Celsius told clients in an email Sunday evening that it is pausing withdrawals and transfers, citing market conditions. This is a cryptocurrency and stockmarketcrash nightmare... saylor I really hope those people you told to sell a house did not sell a house... Another scam scheme died. Who's next?
Source: TheBlock__ - 🏆 464. / 53 Read more »