The news about the liquidation of the hedge fund Three Arrows Capital, as well as the situation in the stock market, negatively affects the cryptocurrency market. Solana and Avalanche, as well as other popular DeFi tokens, suffered the most losses.
Bitcoin lost 3.42% and fell below $20,000 for the first time in days. Overnight, the coin managed to rise to $20,114, while the capitalization of bitcoin is $384 billion.
Ethereum and BNB lost around 7% to $1,117 and $219.05, respectively. XRP and Solana lost 5.58% and 8.82% to 0.328 and 0.0679, respectively. Cardano and Dogecoin sank 3.67% and 3.22% to $0.471 and $0.0679, respectively.
The crypto market capitalization is $888 billion, with a Bitcoin dominance index of 42.91%.
The long-awaited correction of the bitcoin bearish wave has occurred, but the rebound cannot be called joyful. If we consider the drop since March 29 (by 63% right now from the ~48k peak), the correction from below…
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Source: IXBT
