ETF anticipation fails to lift prices as market faces $220 million in liquidations
ETF anticipation fails to lift prices as market faces $220 million in liquidationsThe crypto market saw over $220 million liquidated in past 24 hours.
Happy Wednesday!The global crypto market cap is $1.69 trillion, with a 24-hour volume of $79.6 billion. The price of Bitcoin is $43,167.00, and BTC market dominance is 50.0%. The price of Ethereum is $2,372.45, and ETH market dominance is 16.9%. The best-performing sector is DAO, which gained 8%. The Crypto Fear & Greed Index is currently Greed (73). Top News
ETF anticipation fails to lift prices as market faces $220 million in liquidationsThe crypto market saw over $220 million liquidated in past 24 hours. Anatoly Yakovenko says ‘Solana is Ethereum’ in layer-2 scalability debateAnatoly Yakovenko is reframing Solana's role in the blockchain ecosystem, aligning it closely with Ethereum through Wormhole's capabilities. Despite legal woes, Changpeng Zhao closes the year $24B richer than beforeBinance's former CEO Changpeng Zhao sees personal fortune climb despite stepping down amid legal pressures. Tether mints $1B new non-circulating USDT to ‘replenish inventory’Tether CEO Paolo Ardoino shared on social media that the minting was "an authorized but not issued transaction," meaning the tokens remain out of circulation for now. Latest Insights
More NewsKyberSwap cuts staff by 50% after $54M exploitKyberSwap has responded to a major security breach with deep cuts, halting KyberAI development and liquidity initiatives. Grayscale amends ETF strategy to meet SEC cash-only redemption demandsThe asset manager's new SEC-compliant ETF structure excludes airdrops and forks. Solana’s holiday spirits high as it enjoys a booming DecemberSolana's rebound resonates with soaring TVL and user engagement in December's crypto rally. Hashdex meets with SEC Chair’s office following Bitcoin ETF proposalIn a rare move, Hashdex secures meeting with SEC Chair's office over Bitcoin ETF. Hong Kong lawmaker raises concerns over proposed stablecoin regulationsLegislative Council member Johnny Ng has raised concerns over Hong Kong's new stablecoin licensing rules.
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Bitcoin post-Christmas dip under $43k triggers marketwide liquidation of $170M
Tuesday, December 26, 2023
BTC's price showed weakness during the past day despite the prevailing market optimism.
Crypto investment products see $103 million in inflows ahead of Bitcoin ETF
Monday, December 25, 2023
The anticipation of a spot Bitcoin ETF prompts further inflows, bringing the year-to-date flow to almost $2 billion..
Elon Musk says X payments likely by mid-2024
Saturday, December 23, 2023
Musk also downplayed the importance of cryptocurrency, saying that he spends "hardly any" time thinking about it..
SEC holding ‘rare joint conference call’ with spot Bitcoin ETF applicants: Reports
Friday, December 22, 2023
Two Fox Business correspondents have reported that the SEC is telling applicants to commit to a cash creation model as critical deadlines loom.
Bitcoin, Solana price breakout triggers $180 million in liquidations
Thursday, December 21, 2023
Most of the losses during the past day were borne by traders betting against price increase of the crypto market.
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