According to CoinGabbar data, the global cryptocurrency market cap rose 0.4% to $0.867 trillion in 24 hours. The 24-hour crypto market volume was $57.5 billion.
Crypto will continue to trade in the red over the next few hours, according to Cryptoquants Derivates' negative funding rates.
The Crypto market turned red after green for the last 2 days, as market remains shocked from FTX exchange liquidated and destabilised Solana ecosystem. Yesterday, Bitcoin again touch $17,000 and closed at $16,650. MA9 stands as a resistance in daily time frame. RSI remains stands at 36.38. The global crypto market cap breaks below the psychological $1 trillion level, the prices of top two coins – Bitcoin (BTC) and Ethereum (ETH) –are red.
The global cryptocurrency market cap rise by 0.4% to $0.867 trillion in the last 24 hours, according to CoinGabbar data at the time of writing. The total crypto market volume over the last 24 hours was $57.5 billion.
Cryptoquants Derivates shows negative funding rates which means crypto will remains red in the coming hours.
BTC price has rise by 1.32% in the last 24 hours. At the time, BTC was trading at $16,650. In the last 7 days, BTC price has fall by 10.21%. Bitcoin (BTC) dominance rise from 36.65% to 36.78% while ETH dominated 19.7% of the total crypto markets.
All assets owned by FTX have been converted into ETH, which is now worth $300 million. An enormous selling pressure could result from any significant dump to cash out.
The CEO of bitFlyer also warned that other crypto players could suffer significant losses as a result of the FTX outbreak. He anticipates additional legislative action.
Sam Bankman-Fried, the former CEO of FTX, exposes the exchange's current liquid, semi-liquid, and illiquid assets.
Genesis Global Capital, which has continuing loans totaling $2.8 billion, has halted customer withdrawals in the wake of the FTX fiasco.
Ethereum (ETH): Ethereum price fall by around 2.8% to $1,218 in the last 24 hours. In the last 7 days, ETH price has fall by over 8.81%. It is currently ranked as the 2nd largest crypto asset on CoinGabbar.
Binance (BNB): Binance Chain coin’s price fall to $271, by 1.72% in the last 24 hours. In the last 7 days, BNB price has fall by over 17.01%. It is currently ranked as the 4th largest crypto asset on CoinGabbar.
XRP: XRP coin’s price fall by 3.43% to $0.3752 in the last 24 hours. In the last 7 days, XRP price has fall by nearly 7.45%. It is currently ranked as the 7th biggest crypto on CoinGabbar.
Solana (SOL): Solana price fall 0.5% to $14.27 in the last 24 hours. In the last 7 days, SOL price has fall by nearly 41.34%. It is currently ranked as the 15th biggest crypto asset on CoinGabbar.
Cardano (ADA): Cardano token’s price fall by 1.51% to $0.3320 in the last 24 hours. In the last 7 days, ADA price has fall 10.71%. It is currently ranked as the 9th biggest crypto asset on CoinGabbar.
Dogecoin’s (DOGE) price fall by 3.21% in the last 24 hours. DOGE is currently ranked 8th. The price of DOGE at the time of this report was $0.08548.
Price of Polkadot (DOT) fall by 3.5% in the last 24 hours to $5.72. Avalanche (AVAX) price fall by nearly 3.44% to $13.04 in the last 24 hours. Both DOT and AVAX are currently ranked 11th and 20th respectively on CoinGabbar.
Polygon (MATIC) price fall by around 4.57% to $0.8981 in the last 24 hours. In the last 7 days, MATIC price has fall by around 14.44%. It is currently ranked 10th on CoinGabbar.
Shiba Inu (SHIB) rise by 1.42% in the last 24 hours to $0.0000914. It is currently ranked 14th on CoinGabbar.
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