Market sees $1B in liquidations as Bitcoin, Ethereum plunge
Market sees $1B in liquidations as Bitcoin, Ethereum plungeThe market's top cryptocurrencies plunged late Thursday, triggering massive liquidations across the board.
Happy Friday!The global crypto market cap is $1.05 trillion, with a 24-hour volume of $68.69 billion. The price of Bitcoin is $26,003.37, and BTC market dominance is 48.2%. The price of Ethereum is $1,661.26, and ETH market dominance is 19.0%. The best-performing sector is Charity, which gained 0%. The Crypto Fear & Greed Index is currently Extreme Fear (37). Top News
Market sees $1B in liquidations as Bitcoin, Ethereum plungeThe market's top cryptocurrencies plunged late Thursday, triggering massive liquidations across the board. SpaceX saw valuation of Bitcoin holdings fall by $373M over two years: WSJDetails of the company's crypto holdings are still largely unknown, but Bitcoin has not provided a return. SEC permitted to move for interlocutory appeal against RippleThe SEC will need to file its motion for appeal by Aug. 18, while Ripple will need to file its opposition papers by Sept. 1. The SEC will need to file any reply by Sept. 8. Latest Insights
More NewsTether stops minting USDT on three blockchains, including Bitcoin’s Omni LayerThe Bitcoin version of USDT will soon be available on a new network called RGB. Bitcoin at $28.5K: Unpacking the significance of tight Bollinger BandsBitcoin's breach of a lower Bollinger Band may suggest a market turnaround. Grayscale hiring for its ETF team as markets await SEC decisionRecent reports indicate that a pivotal decision regarding Grayscale's case with the SEC could be announced imminently. Federal Reserve shuts down Farmington Bank over unapproved stablecoin projectThe bank worked with Fluent Finance on its US+ stablecoin in 2022 but did not seek Fed approval before beginning the project. Will indication of SEC approval for Ethereum futures ETFs be precursor to further pain?SEC set to approve first-ever ETFs based on Ethereum futures, signaling a new era for cryptocurrency integration into mainstream finance.
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