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Bitcoin, Ethereum, Dogecoin crash: Liquidity crisis, Celsius fallout weigh on crypto market

Benzinga Real-time News ·  Jun 13, 2022 21:58

$Bitcoin(BTC.CC)$,$Ethereum(ETH.CC)$and other major coins nosedived on Monday evening as the global cryptocurrency market cap fell below the psychologically important $1 trillion mark to $944.9 billion — a decline of nearly 12.5% intraday.

Price Performance Of Major Coins
Coin24-hour7-dayPrice
Bitcoin (CRYPTO: BTC)-15.7%-28.3%$22,460.32
Ethereum (CRYPTO: ETH)-16.4%-35.1%$1,204.60
Dogecoin (CRYPTO: DOGE)-15.65%-34.5%$0.05
Top 24-Hour Gainers (Data via CoinMarketCap)
Cryptocurrency24-Hour % Change (+/-)Price
Fantom (FTM)+6.25%$0.24
Theta Network (THETA)+5.4%$1.15
Decentraland (MANA)+4.3%$0.825



Why It Matters:Risk assets were in freefall on Monday, with cryptocurrencies following the trajectory of stocks, which remained under pressure after the latest round of U.S. inflation data.

The$S&P 500 index(.SPX.US)$closed in the bear territory on Monday and is now down 20% from its all-time high of 4,818 touched in January. The$Nasdaq Composite Index(.IXIC.US)$ ended Monday 4.7% down at...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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