Major coins were mixed trading on Sunday evening as the recent banking crisis in the United States has caused many investors to question it Reliability of the traditional banking system.
| cryptocurrency | Profits (+/-) | Price (taken at 9:30pm EST) |
|---|---|---|
| Bitcoin | +0.78% | $27,873 |
| ether | +0.66% | $1,767 |
| Dogecoins | -0.36% |
$0.073
|
What happened: Apex cryptocurrency Bitcoin BTC/USD is currently trading below $28,000.
ether ETH/USD up 0.66% to change hands below $1,800. Dogecoins DOGE/USD was trading at $0.073, down 0.36% in the last 24 hours.
| cryptocurrency | Profits (+/-) | Price (taken at 9:30pm EST) |
|---|---|---|
| rocket pool | +9.35% | $42 |
| ssv.network | +9.14% | $37.51 |
| confluence | +7.23% | $0.34 |
At the time of writing, the global crypto market cap was $1.16 trillion, up 0.64% over the last day.
US stocks rose on Friday after a volatile trading session. Although Friday began with fears that the banking crisis was spill over To Deutsche Bank, markets rallied to end the week on a higher note. The S&P 500 rose 0.56%, while the Nasdaq Composite gained 0.3%.
See more: Best Crypto Day Trading Strategies
News Highlights: Liquidity is a major issue in today’s crypto market. According to data provider Kaiko, large orders without market depth can cause large price fluctuations, leaving traders vulnerable to slip-ups and even potential losses.
Conor Ryder, research analyst at Kaoiko, said the liquidity crunch was particularly evident in Bitcoin, where the closure of two key US-based banks significantly reduced liquidity levels to a 10-month low. The same liquidity crisis is also affecting the decentralized finance (DeFi) sector.
Analyst Notes: Crypto Analyst Michael van de Poppe said he predicted Bitcoin would fall to $25,000, but the top crypto…
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