Crypto market cap drops $51 billion as Silvergate crisis deepens
Crypto market cap drops $51 billion as Silvergate crisis deepensTop cryptocurrencies see losses as Silvergate uncertainty spooks the market.
Happy FridayThe global crypto market cap is $1.03 trillion with a 24-hour volume of $54.56 billion. The price of Bitcoin is $22,353.74 and BTC market dominance is 42.1%. The price of Ethereum is $1,567.39 and ETH market dominance is 18.7%. The best performing cryptoasset sector is Cannabis, which gained 8%.
Latest NewsCrypto market cap drops $51 billion as Silvergate crisis deepens
Top cryptocurrencies see losses as Silvergate uncertainty spooks the market. Ripple survey reveals overwhelming support for crypto payments – regulatory uncertainty sole barrierThe survey found that 100% of respondents believe crypto and blockchain can result in benefits like efficiency and cost saving for the payments industry. FTX finds only 1 BTC out of 1,591 customer-owned at time of collapseThe newly filed court documents reveal an $8.7 billion hole in customer assets between FTX.com and FTX US Korea-based Steemhunt accuses Binance of copying Chatcasso to launch BicassoBinance allegedly copied the idea for "Bicasso" from Steemhunt's "Chatcasso"- an AI product that won the BNB Chain hackathon of December 2022. BUSD exchange balance drops below 9B as USDT dominance reaches 55%In the meantime, Ethereum dominance over the aggregate market cap of the top four stablecoins continues to increase. Crypto community reacts as Bitcoin bear market fears continueSome in the crypto community bought the dip while others feared that the Silvergate crisis could evolve into FTX-like situation. CryptoSlate Daily wMarket Update: Market sell-off sees Bitcoin sink to $22,000The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays. Ripple CEO advises U.S. to embrace crypto regulationsBrad Garlinghouse criticized the U.S. Securities and Exchange Commission's (SEC) regulation-by-enforcement approach to the crypto industry. Why ETH selling pressure is unlikely to increase after Shanghai upgrade: CryptoQuant60% of all staked ETH are at loss. Since there's less opportunity for high profits, the unlocked tokens will not increase selling pressure. Marathon reports $410M of cash and Bitcoin following earlier 10-K delayThe mining firm reported 8,260 BTC and $219 million of cash unrestricted. REPUBLIK raises $3.5M in seed funding, raising valuation to $75MContent creators can connect with their audience through REPUBLIK and utilize smart contracts to handle monetization processes.
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