Bitcoin and Ethereum See Red as Crypto Market Boom Turns to Gloom - Decrypt
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Markets are seeing red early Tuesday morning as Bitcoin drops 7% and Ethereum lags 10%. The global crypto market cap has contracted by 8% since yesterday, having dropped below $2.5 trillion after last week getting within 5% of matching its all-time high market capitalization crypto markets last saw
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- Markets are seeing red early Tuesday morning as Bitcoin drops 7% and Ethereum lags 10%.
- The global crypto market cap has contracted by 8% since yesterday, having dropped below $2.5 trillion after last week getting within 5% of matching its all-time high market capitalization crypto markets last saw in early November 2021.
- according to CoinGlass. In the past day, more than $500 million worth of long and $100 million worth of short positions have been liquidated across digital asset contracts.
- Meanwhile, many of the meme coins that were stealing the show a few weeks back have seen even larger losses.
- Solana meme coins Dogwifhat (WIF) and Bonk (BONK) have dropped 22% and 19% respectively in the past day. And Floki Inu (FLOKI), one of their Ethereum-based Shiba Inu-themed meme coin competitors, has shed 20% since yesterday.
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