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

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🔥🔥🔥
Source: Cointelegraph - 🏆 562. / 51 Read more »