The two largest cryptocurrencies, Bitcoin BTC/USD and ether ETH/USDwas trading in the red on Sunday night, as the global cryptocurrency market cap shrank 3.81% to $804.37 billion as of 8:54 p.m. EST.
| cryptocurrency | perfomance | Price (Sunday, 8:45 p.m. EST) |
|---|---|---|
| Bitcoin | -4.24% | $15,989.83 |
| ether | -8.39% | $1,117.77 |
| Dogecoins | -11.72% | $0.0748 |
What happened: That Crypto exchange collapse FTX FTT/USD has caused all of the top 10 cryptos by market cap to lose ground over the past seven days.
CoinMarketCaps Top 10 list of meme coins saw Dogecoins DOGE/USD suffers the biggest losses, falling 8.7% to $0.07 while Polygon MATIC/USD fell 8% to $0.80.
US stocks advanced Friday. The Dow Jones Industrial Average rose 0.6%, the S&P 500 Index rose 0.5% and the Composite Nasdaq Index only increased by 0.1%.
See more: Best Crypto Apps
Crypto exchange under siege FTX called on colleagues to help track the hacker who stole an estimated $600 million from the Bahamas-based exchange and began moving the funds to other tokens. the hacker address held at least 228,523.83 ethers through Tuesday, making it the 35th largest ether holder of the world.
On Sunday, after transferring part of the ether to a new wallet, the hacker began exchanging the rest to renBTC, a token representing bitcoin on other blockchains.
crypto trader Michael van de Poppe said that a bear market rally is imminent. “Can’t wait to share charts and make profits as we are on the verge of a bear market rally.”
Pseudonymous cryptanalyst capo, who predicted Bitcoin’s collapse this year and said it’s likely heading for new bear market lows. He believes that the current rally is designed to trap bulls and that there will be a dip in Bitcoin to lower levels in the near future.
In a Twitter post, he shared how BTC turned support into resistance at $17,600. He predicted that Bitcoin would recover after hitting the capitulation target.
Good morning!$BTC up to $12,000-14,000 is a matter of time….
[ad_2]
Source story
