Crypto Shorts Daily News Bulletin

Crypto Market Continues Freefall as Bitcoin, Ethereum Tank

Mohak Agarwal

– The global crypto market cap has fallen to $1.2 trillion, down 60% from its peak.
– Bitcoin is down 11.2%, trading at about $28,250.
– Ethereum is down 20.1%, trading at about $1,950.
– DeFi assets Aave and MakerDAO are both down more than 30%.
– Terra is in meltdown mode due to its algorithmic stablecoin, UST, losing its peg against the dollar.
– The market is also likely experiencing a selloff due to its close correlation with traditional stocks.

 

bitcoin ethereum cover Crypto Market Continues Freefall as Bitcoin, Ethereum Tank
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