Stocks and Bitcoin Crash On Escalating Job Fears: The Weekly Crypto Market Update

View in browser Weekly Crypto Market Update BTC $10,440 | ETH $385 | XRP $0.253 | Total Market Cap: $339 Billion The events of the past seven days took a turn for the worst throughout the entire cryptocurrency market. Bitcoin started the week trading at around $11,500 and managed to advance to a peak of around $12,050 a few days later. And that's when it went downhill. In less than two days, BTC lost around $1,500 of its value, bringing the price down to its current level of $10,500. However, the primary cryptocurrency spiked to a low of $9,875 on Binance before recovering, taking all large-cap altcoins with it, with an exception of TRON's TRX. DeFi coins, which received most of the attention, are also bleeding out. Their frontrunner, the governance token of Yearn Finance, YFI, peaked at around $39,000 only to decrease to where it's currently trading at $26,400. Read The Full Market Update Price Analysis Overview of Bitcoin, Ethereum, Ripple, Tron, and Tezos This week we've taken a closer look at the performance of Bitcoin, Ethereum, Ripple, Tron, and Tezos. For an in-depth look, read more.  Many People Will Lose Money with DeFi: OKEx CEO CryptoPotato did an exclusive interview with the CEO of major cryptocurrency exchange, OKEx, Jay Hao. Read more. $130M Bitcoin Longs Liquidated on BitMEX The last few days saw more than $130 million worth of Bitcoin long positions liquidated on BitMEX alone. Read more. 91 Maritza, Plovdiv Bulgaria You received this email because you signed up on our website or made a purchase from us. Unsubscribe