Nearly $100 billion evaporated from the crypto markets in a day as bitcoin slid below $41,000 and ETH dumped by over 5%.
Bitcoin continued to lose value in the past 24 hours and dipped toward a five-day low of under $41,000. The altcoins are also in the red once more with substantial price losses from Ethereum and Solana, while ATOM is the only one in green again.in over a year by surging by about $6,000 and touching $45,000 after the US and most other Western nations said they will not get involved in the Russia-Ukraine war directly.
After that, BTC even spiked above the aforementioned line briefly and registered a new 3-week high. However, itIn the following days, the cryptocurrency started to lose value gradually, resulting in a price drop below $41,000 hours ago. As of now, the asset has reclaimed some ground and stands above that level, but it’s still down by approximately 4% on a 24-hour scale.
Consequently, its market capitalization has slipped beneath $800 billion. It’s worth noting that the metric touched $850 billion just a few days ago.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Samsung Galaxy Buds Live fall below the $100 mark for a limited timeIf you're looking for a good pair of noise-canceling earbuds, today's your lucky day!
Read more »
‘The Batman’ Box Office Projected to Earn Over $100 Million Opening WeekendTo no one's surprise, 'The Batman' is projected to make an obscene amount of money in its opening weekend.
Read more »
Big Oil haunted by $100 crude traumaPrices are high, and Russia’s 8% of global supply might evaporate, but Chevron and Exxon promised this week their focus is lower costs and returning capital. That’s a far cry from last time’s destructive investment binge. They may end up ruing missed drilling opportunities.
Read more »
Explainer: Why $100 oil could hurt the energy transition more than it helpsThe surge in crude oil prices past $100 a barrel has raised a big question: Will this latest spike in the notoriously volatile oil market help to speed the global transition from fossil fuels to cleaner energy sources to fight climate change?
Read more »
Terraformation targets $100 mln for early stage forestry fundTerraformation, a forest restoration start-up founded by the former boss of technology company Reddit, is looking to raise $100 million for a fund focused on early-stage projects in developing countries.
Read more »
DeFi security provider Sherlock aims to raise $100 million in token roundSherlock is raising $100 million in USDC tokens through a five-day event set to premiere on March 7th at 4 pm UTC.
Read more »