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CoinGecko: the cryptocurrency industry's market cap fell to ~$1.8T amidst a selloff; in 24 hours, Bitcoin fell 10%+ to ~$36K and Ethereum fell ~13% to ~$2.6K

Cryptocurrencies are getting rekt.  —  Crypto blue-chips bitcoin (BTC) and ether (ETH) breached key $40,000 …

CoinDesk Tracy Wang

Discussion

  • @vcbrags @vcbrags on x
    Bitcoin Nov 2021 vs Bitcoin January 2022 https://twitter.com/...
  • @epro Emil Protalinski on x
    The floor for $BTC is just under $20K, so it could go down another 45%. If that happens, the #cryptocrash would of course be even deeper. Not saying this is going to happen (nobody knows where we'll be in a month), but that's the floor. https://twitter.com/...
  • @levie Aaron Levie on x
    🧵on why I'm taking salary in BTC. *Checks Bitcoin price. Cancels 🧵*
  • @monasalama_ Mona Salama on x
    Nearly $150 billion wiped off the crypto market in the last 24 hours #Bitcoin is down 8% at $38,530. It's the first time since Aug 2021 Bitcoin is trading under $40,000 #Ethereum lost approximately 10% of its value, trading at a low of $2,820, the lowest level since Sept 2021
  • @carnage4life @carnage4life on x
    Funny enough, it's just top NFTs that are doing well in holding their value over the past 3 months not crypto as a category. That's as red as the stock market. https://www.bloomberg.com/...
  • @cryptowhale Mr. Whale on x
    Exactly as I predicted, Nayib Bukkake just announced El Salvador bought the #Bitcoin dip again. In reality, they bought nothing. They just say this anytime we're red because they want noobs to buy.
  • @dcexaminer @dcexaminer on x
    #BREAKING: Bitcoin shed more than 10% of its value in the last 24 hours as of Friday morning, dropping to below $38,500 for the first time in six months. Overall, more than $150 billion was wiped off the crypto market amid the rout. https://www.washingtonexaminer.com/ ...
  • @firstadopter @firstadopter on x
    Nearly 17,000 crypto coins with dozens being created daily. Many crushed each day (-90% in 24 hours). Logic says incentives point to unlimited supply being created until it overwhelms demand, leading to declines. Many of FOMOed will be left holding the bag https://coinmarketcap.c…
  • @eisingerj Jesse Eisinger on x
    This could be the beginning of the end of this idiocy. The big question is whether they are systemic risks in the finl system from the fallout. My impression is no but never underestimate how stupid and greedy the big banks are! https://twitter.com/...
  • @swoph @swoph on x
    if you bought bitcoin at 61k you do not need to worry about biden's tax plan
  • @itstylersays @itstylersays on x
    Eth is down. Nfts are down. But hey at least my depression is at a all time high
  • @apompliano @apompliano on x
    The President of El Salvador just announced that they have bought 410 bitcoin. A nation state is buying the dip 🔥
  • @parikpatelcfa @parikpatelcfa on x
    Can't spell crypto without cry
  • @cryptowhale Mr. Whale on x
    When #Bitcoin drops another 10%, Michael Saylor's MicroStrategy will officially be at a net loss with ALL of their $BTC purchases. This is when the real fear and desperation starts for these maxis.
  • @arrington Michael Arrington on x
    Volatility is our friend. https://twitter.com/...