After US stock market declines and volatility rises, crypto market falls. Bitcoin falls below its next support today.
Derivates demonstrate positive funding rates, indicating that cryptocurrency will change to green in the ensuing hours.
The Crypto Market is down today after US stock market falls and market volatility increases. Today Bitcoin breaks it’s consolidating zone and falls to its next support. Major altcoins including Ethereum, Solana, Matic, BNB and Polkadot lose their value. Memecoin suffers a lot from these strong bear traders activities.
The global cryptocurrency market cap fall by 0.83% to $1.07 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 $94.67 billion.
Cryptoquants Derivates shows positive funding rates which means crypto will turned green in the coming hours.
BTC price has fall by 4.54% in the last 24 hours. At the time, BTC was trading at $21,909, and takes resistance from MA21, which fall to next support zone. In the last 7 days, BTC price has fall by 7.69%. Bitcoin (BTC) dominance fall from 39.6% to 39.45% while ETH dominated 19.6% of the total crypto markets.
Ethereum (ETH): Ethereum price fall by around 4.79% to $1,517 in the last 24 hours. In the last 7 days, ETH price has fall by over 4.07%. It is currently ranked as the 2nd largest crypto asset on CoinGabbar.
Solana (SOL): Solana price fall 7.36% to $21.53 in the last 24 hours. In the last 7 days, SOL price has fall by nearly 13.86%. It is currently ranked as the 13th biggest crypto asset on CoinGabbar.
Dogecoin’s (DOGE) price fall by 8.58% in the last 24 hours. DOGE is currently ranked 10th. The price of DOGE at the time of this report was $0.08239.
Polygon (MATIC) price fall by around 1.89% to $1.2818 in the last 24 hours. In the last 7 days, MATIC price has rise by around 7.39%. It is currently ranked 9th on CoinGabbar.
Shiba Inu (SHIB) fall by 10.42% in the last 24 hours to $0.00001233. It is currently ranked 15th on CoinGabbar.
LocalBitcoins, a bitcoin platform with operations in Finland, shuts down due to market pressure.
The Corporation of the Far East of Russia is planning to establish a $12 million cryptocurrency mining farm in Siberia, according to media sources. This farm is probably home to 30,000 mining machines and more than 100 employees that run the plant.
According to Brian Armstrong, CEO of Coinbase, banning retail cryptocurrency staking domestically would push staking providers outside and kill this innovation.
Argo Blockchain's CEO is the second executive to have left the company since Galaxy Digital acquired it.
