Despite a recovery in other risky assets like stocks, the cryptocurrency market is still having trouble, with Bitcoin and Ethereum falling by 3.6% and 3.23%, respectively, today.
The decrease is at least partially attributed to Silvergate Capital Corporation's hazy future; after delaying submission of its annual report to the Securities and Exchange Commission, the bank's share price fell 49%, leading prominent crypto businesses to cut connections with it.
The outcome was that over $235 million worth of liquidations were triggered in the previous day, with Binance and OKX seeing the largest of them.
As of this writing, Bitcoin has decreased to about $22,356 and Ethereum has decreased to $1,568. Several digital currencies were also affected by the decrease, including Dogecoin, which fell by 4.45%, Cardano, which fell by 1.75%, and XRP, which fell by 2.22%.
Data from Coinglass shows that the drop in cryptocurrency prices over the past day led to liquidations of $235.41 million. Sharp price declines were the primary cause of the majority of liquidations, with Binance and OKX recording the highest numbers at over $85.16 million and $75.22 million, respectively.
Coinbase, Circle, Paxos, and other companies have severed all relations with the cryptocurrency-focused bank Silvergate as a result of its impending insolvency and inability to pay its debts.
While analyzing investment alternatives in light of the recent fall in the cryptocurrency market, it's critical to take both fundamental and technical assessments into account. According to these evaluations, the best cryptocurrencies to buy right now include FGHT, CSPR, METRO, EOS, CCHG, and TARO.
Fight Out's M2E and Fantasy Betting Platform lets you enter the ring.
This year, the move-to-earn (M2E) and Web3 technology-based future project Fight Out is expected to make strides in the fitness app market.
According to IHRSA, the fitness industry has struggled in recent years with high rates of gym membership cancellations and a lack of motivation, with half of new gym members leaving within six months.
Fight Out has a special remedy for these issues. Individuals can interact with a fitness community in person and online. Users design unique NFT avatars that showcase fitness data, receive individualized workout routines, and are encouraged by community and REPS token prizes.
In the fourth quarter of 2023, the business intends to launch the first gym with Web3 technology. This gym will have digital mirrors that display user profiles and sensors that track workouts to provide individualized advise.
The decrease is at least partially attributed to Silvergate Capital Corporation's hazy future; after delaying submission of its annual report to the Securities and Exchange Commission, the bank's share price fell 49%, leading prominent crypto businesses to cut connections with it.
The outcome was that over $235 million worth of liquidations were triggered in the previous day, with Binance and OKX seeing the largest of them.
As of this writing, Bitcoin has decreased to about $22,356 and Ethereum has decreased to $1,568. Several digital currencies were also affected by the decrease, including Dogecoin, which fell by 4.45%, Cardano, which fell by 1.75%, and XRP, which fell by 2.22%.
Data from Coinglass shows that the drop in cryptocurrency prices over the past day led to liquidations of $235.41 million. Sharp price declines were the primary cause of the majority of liquidations, with Binance and OKX recording the highest numbers at over $85.16 million and $75.22 million, respectively.
Coinbase, Circle, Paxos, and other companies have severed all relations with the cryptocurrency-focused bank Silvergate as a result of its impending insolvency and inability to pay its debts.
While analyzing investment alternatives in light of the recent fall in the cryptocurrency market, it's critical to take both fundamental and technical assessments into account. According to these evaluations, the best cryptocurrencies to buy right now include FGHT, CSPR, METRO, EOS, CCHG, and TARO.
Fight Out's M2E and Fantasy Betting Platform lets you enter the ring.
This year, the move-to-earn (M2E) and Web3 technology-based future project Fight Out is expected to make strides in the fitness app market.
According to IHRSA, the fitness industry has struggled in recent years with high rates of gym membership cancellations and a lack of motivation, with half of new gym members leaving within six months.
Fight Out has a special remedy for these issues. Individuals can interact with a fitness community in person and online. Users design unique NFT avatars that showcase fitness data, receive individualized workout routines, and are encouraged by community and REPS token prizes.
In the fourth quarter of 2023, the business intends to launch the first gym with Web3 technology. This gym will have digital mirrors that display user profiles and sensors that track workouts to provide individualized advise.
