Bitcoin and ether were in the red like Global on Wednesday night cryptocurrency The market cap fell 1% to $835.4 billion as of 8:18 p.m. EST.
| coin | 24 hours | 7 days | Price |
|---|---|---|---|
| Bitcoin BTC/USD | -0.5% | 2.4% | $16,722.85 |
| ether ETH/USD | -2.45% | 6.75% | $1,224.51 |
| Dogecoins DOGE/USD | -0.1% | 11.7% | $0.09 |
| cryptocurrency | 24-hour % change (+/-) | Price |
|---|---|---|
| Trust wallet token (TWT) | +4.25% | $2.10 |
| Aptos (SUITABLE) | 2.9% | $4.52 |
| decree (DCR) | +4.8% | $20.43 |
See also: Five Best Robinhood Crypto Alternatives
What happened: At the time of writing, major coins were trading lower on a day when risky assets like stocks ended in negative territory.
The S&P 500 and Nasdaq closed down 0.8% and 1.5%, respectively, on Wednesday. The tech-heavy Nasdaq was weighed down by muted earnings numbers.
Meanwhile, cryptocurrencies are still struggling with that FTX and alameda shock this has led to a domino effect.
On Wednesday, the loan arm of Genesis Global Trade said it was temporarily stop accepting redemptions and grant new loans. At the end of the third quarter of 2022, the company has a total of $2.8 billion in active credit.
“FTX contagion remains the main focus of the cryptoverse,” he noted Edward Moyaa senior market analyst at OANDA.
“Bitcoin and Ethereum are lower on the day as contagion fears remain high and broader markets are dragged lower after a round of hawkish speech from the Fed and mixed signals on the US consumer,” Moya said in a note shared by Benzinga was viewed.
Santiment tweeted that while there had been discussions of a scenario where traders would flee exchanges “en masse” following the collapse of FTX and the exchange Gemini Withdrawal Stop.
“Top assets are still circulating at normal speeds, suggesting these fears may be overdone,” the market research platform said.
CryptoQuant Analyst YES Maartunn said in a note that in the current…
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