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Crypto Markets Lose $150 Billion as Bitcoin Plunges to Lowest Since Russian Invasion (Market Watch)

                                                            Nachdem Bitcoin vor zwei Tagen bei 40.000 $ gescheitert war, wurde es gewaltsam abgelehnt und innerhalb von Stunden um über 4.000 $ auf den niedrigsten Preis seit über zwei Monaten geschleudert.  Die alternativen Münzen sind ebenfalls in Rot begraben, mit massiven Preisrückgängen von Solana, Polkadot, Avalancheund viele andere.

Bitcoin crashed below $36,000

It was only a few days ago when the primary cryptocurrency began its recovery from its recent price drop below $38,000. The bulls pushed the asset north after the FOMC meeting, where the Fed said it will hike rates by 50 basis points instead of 75, and unlocked BTC to $40,000.

This surge was short-lived, however, as Bitcoin stopped there and stayed just below this level for the next day.

As reported yesterday, the situation changed dramatically in the hours that followed. Bitcoin started crashing hard, collapsing around $4,000. Aside from causing millions of dollars in liquidations, the cryptocurrency plunged to its lowest since Russia invaded Ukraine, below $36,000.

So far, BTC has gained some ground and is above this level, but it is still down 8%. As a result, his market capitalization dropped below $700 billion.

Crypto Markets Lose $150 Billion as Bitcoin Plunges to Lowest Since Russian Invasion (Market Watch), Crypto Trading NewsBTCUSD. TradingView

Altcoins only see red

As usually happens when BTC drops hard, so do the alternative coins. Ethereum is a prime example as it stood above $2,900 yesterday. Now, however, a 7% daily drop has pushed the second-largest cryptocurrency down around $200. Moreover, ETH even dropped below $2,700 hours ago.

BNB, Rippleearth, Dogecoin, Shiba Inu and Tron have all lost between 5-6% in the last 24 hours. Even more price drops are at Solana (-11%), Cardano (-9%), Polkadot (-10%), Avalanche (-13%) and NEAR Protocol (-15%).

The lower and mid-cap alternatives are in an even worse situation. STEPN (-26%), Zilliqa (-20%), ApeCoin (-17%), waves (-17%), moon beam (-17%), Axe Infinity (-16%), Kava (-15%), and Fantom (-15%) have all lost by double digits.

Ultimately, the cumulative market cap of all crypto assets is down $150 billion and is well below $1.7 trillion.
Crypto Markets Lose $150 Billion as Bitcoin Plunges to Lowest Since Russian Invasion (Market Watch), Crypto Trading NewsOverview of the cryptocurrency market. Quantify Crypto

Source: Crypto News Deutsch

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