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Solana Crashes 12% Overnight as Crypto Markets Bleed Out (Market Watch)

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Solana crashed by around 12% in the past 24 hours as the market continues bleeding out following the FTX fallout.

The cryptocurrency market continues to bleed out and in the past 24 hours, its total capitalization shed another $20 billion.

The majority of coins are well in the red and the broader sentiment remains particularly negative and expects further contagion from the FTX fallout.Bitcoin’s price currently sits at around $16,500, down 2.1% in the past 24 hours. This brings the total loss to about 22.6% in the past week. BTC has been trading relatively flat over the past day. It did attempt to break above $17,000 but the efforts turned out to be futile and it is currently found well below that level.The volume is also thinning out. CoinGecko reveals that the 24-hour trading volume currently sits at $46 billion. Liquidations over the same period are around $52 million.This is all you need not to miss any price action in the raging crypto markets.

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Solana TVL drops by almost one-third as FTX turmoil rocks ecosystem: Finance RedefinedFTX's downfall has had a Ripple effect on the crypto industry including the DeFi ecosystem as Solana nearly lost one-third of its market cap in the wake of the collapse. The butterfly effect occurs one after another Does Cointelegraph have an App Information here is insane🔥🔥🔥
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