Cardano, Dogecoin, XRP fall 10% while key Bitcoin metric flashes a favourable sign


Cardano, Dogecoin, XRP fall 10% while key Bitcoin metric flashes a favourable sign

Start Earning Interest

Bitcoin dropped below the crucial weekly support of $32,500 as bears took control of the price action.

· 2 min read

Cardano, Dogecoin, XRP fall 10% while key Bitcoin metric flashes a favourable sign

Many traders fear that the bear market might officially be here after dropping more than 50% from all-time highs on average.  Several large-cap decentralized finance (DeFi) tokens, such as Badger, ThorChain, Alpha Finance, and others, have now fallen up to 85% from their 2021 highs.

And the rout continues.

To read the rest of this article, sign in or join CryptoSlate Edge.

CryptoSlate Edge helps you understand the cryptoasset market more clearly.

We can all agree that the crypto market is fast-moving and confusing, but CryptoSlate Edge can help make sense of it for you.

Enhanced news coverage
  • Exclusive articles and insights

    Get an analytical edge by accessing members-only articles with curated insights from crypto analysts around the globe.

  • Real-time charts and price snapshots

    Gain a better understanding of the market with real-time charts, price snapshots and more market data in every news article.

  • Explore the companies, products and people in our articles

    We display profiles of people, companies, products, and assets related to every Edge article so you can connect the dots.


Extensive crypto asset and sector data
  • On-chain metrics and social sentiment

    Gain a better understanding of the on-chain trends an explore social sentiment for individual crypto assets.

  • Crypto asset transaction demographics

    Understand where the majority of crypto asset transactions are taking place globally.

  • Explore innovative projects and sectors

    Follow new projects and crypto sectors with our manually curated data for over 50 industry verticals.


What else?
  • Private Telegram community

    As an Edge subscriber, you will access new articles first and engage with the community in our private Telegram channel.

  • A clean, ad-free experience

    We hide all advertisements for CryptoSlate Edge subscribers.

  • Support independent journalism

    As an independent organization in the blockchain industry, we are guided by a strict editorial policy that emphasizes objectivity and transparency in our coverage.




Source link

Latest articles

Pantera boss: Upcoming Ethereum catalyst could cause ETH to outperform Bitcoin

Dan Morehead, the Chief executive officer of Pantera Capital, an American hedge fund that focuses on crypto investments, has said that Ethereum could...

Spain considers allowing mortgage payments in crypto

According to 20 Minutos, a Spanish newspaper group, lawmakers in the country are considering a proposal enabling mortgage payments with crypto.The Digital Transformation...

Ethereum one-upped Bitcoin to close 13 consecutive daily green candles. Here’s what it means

Ethereum one-upped Bitcoin to close 13 consecutive daily green candles. Here's what it means Earn up to 12% APY on Bitcoin, Ethereum,...

Gary Gensler sounds alarm on growing DeFi activity, says SEC looking to regulate crypto sector

US Securities and Exchange Commission chairman Gary Gensler reiterated his position on the burgeoning decentralized finance (DeFi) sector yesterday, calling for an increased...

Related articles

Leave a reply

Please enter your comment!
Please enter your name here