Some CRYPKYP functionalities are depricated as of October 2022 and will no longer be populated until further development and future version.
Although all here is visible and interactable you can not Contribute to those articles.
Try looking at other information on the Platform and Contributing there!
Have a great day,
According to statistics from CoinMarketCap, Bitcoin (BTC) extended its bearish price movement over the weekend, falling to a fresh three-month low of $18,390. Despite a 64% increase in daily trading volume, the price of Bitcoin is presently around $18,440, a decline of 8% over the previous 24 hours.
BTC has lost more than 17% of its value during the past week and is down more than 73% from its all-time high of $68,789.63 in November 2021. Bitcoin's market valuation has more than halved, falling from $1.27 trillion in November 2017 to less than $352 billion.
According to data from Blockchain.com, Bitcoin's network difficulty reached an all-time high of 32,045t yesterday. Network difficulty represents the computational complexity of mining a block. Greater difficulty necessitates increased processing power and substantially impacts miners' profitability, lowering the price of the currency.
Ethereum, the second-largest cryptocurrency by market capitalization, has dropped 11% in the previous 24 hours to fall below $1,300.
With a market valuation of over $159 billion, Ethereum has lost more than 20% of its value since merging on September 15. According to statistics from CoinMarketCap, ETH is down 73.30% from its all-time high of $4,891.70, reached in November 2021.
According to data from Cryptoslam, NFT trade volumes on Ethereum have decreased by more than 18% in the previous 24 hours. The monthly trading volume of Ethereum-based non-fungible tokens has decreased roughly 30%.
According to statistics from Defi Llama, the total value locked (TVL) across all Ethereum-based decentralized apps has decreased by 12.73 percent over the previous 24 hours, indicating a decline in user enthusiasm for DeFi.
In the previous 24 hours, more than $433 million has been liquidated from the cryptocurrency market by over 131,000 dealers, according to statistics from Coinglass.
Over $379 million, or 87%, of the $433 million in liquidated holdings were long bets, showing the market’s negative tendency.
Ethereum leads in liquidations with $173 million, followed by Bitcoin with $121 million.
The market’s negative price behavior is likely related to this week’s anticipated Fed rate rise.
As reported by Reuters, a 100-basis point rise is not out of the question in the wake of August’s soaring inflation numbers, but most economists anticipate a 50 to 75-basis point increase.
According to CoinMarketCap, several leading cryptocurrencies, including Polkadot (down 12%), Avalanche (down 10%), Shiba Inu (down 10%), Polygon (down 12%), and Cardano (down 10%), have also suffered significant losses during the previous 24 hours.