Bitcoin plunges under $23,000 as crypto market cap falls below $1 trillion

    Bitcoin slumped to below $23,000, while the big crypto lender Celsius halted withdrawal. For the first time since early 2021, the overall crypto market capitalization fell below $1 trillion, amid traditional markets also came under severe pressure. On Monday, Bitcoin suffered its largest price drop in 2022 as signs emerged that the steep correction in…

    DeFi platforms and tokens suffer the most from the crypto market drop

    As the crypto economy has dropped lower in value against the US dollar, sliding to $1.2 trillion, the value of decentralized finance (DeFi) protocols and smart contract tokens has suffered a significant decline. Statistics show that the total value locked (TVL) in DeFi has dropped 7.96% since May 18, to roughly $104 billion, and the…

    Crypto economy’s value plunges to $1.2 trillion – lower than last July’s lows

    The $1.19 trillion crypto economy is now lower in value than the July 2021 lows. Over the last week, digital currencies like Bitcoin, Ethereum, Cardano, and XRP, have shed significant value against the US dollar, as the top cryptos have lost from 50% to 80% against their all-time highs. During the last seven days, the…

    Bitcoin falls below $30,000, leading markets to over $1 billion in liquidations

    Bitcoin tumbles to its lowest price since July 2021 as tighter monetary policy continues to impact risk-on assets. Bitcoin and ether lost pivotal support level leading to massive losses for long futures traders. Bitcoin fell to $29,731 on Tuesday, its lowest level since July 2021, after dropping nearly 12% last week, its worst weekly loss…

    Crypto market plunges amid macroeconomy fears

    Poor macroeconomic sentiment and increasing fears of a recession in the West laid the backdrop for cryptocurrencies to lose 4% of their market capitalization on Monday, with several major tokens taking hits of up to 8%. Bitcoin traded below pivotal support of $40,000 during European trading hours, reaching its nearly lowest price in a month….

    $440 million has been liquidated as Bitcoin falls 15% and Ethereum drops 14%

    Bitcoin dropped 15% on Tuesday, falling below $40,000 for the first time since March 15, while Ethereum was down 14%, falling below $3,000 for the first time since March 23. Bullish traders lost over $439 million, which has been liquidated within 24 hours. According to CoinMarketCap, it’s part of a larger trend, with crypto markets…