Crypto Crash News Today Live Updates December and Latest News: (31 January 2023) The global digital asset market registered a massive drop on Tuesday morning following a broad recovery. The cumulative market cap is down by more than 3% over the past 24 hours. The biggest digital assets like Bitcoin (BTC) and Ethereum (ETH) prices dropped by more than 4%.
Top 5 Altcoins For Crypto Gamers
Since the beginning of the year, the majority of cryptocurrencies have increased in value. It has boosted the cryptocurrency market’s confidence. As a result, during this recovery, investors are selecting the best cryptocurrency coins. They are also following the well-known bullish pattern known as the falling wedge.
Check Out Top 5 Altcoins For Crypto Gamers To Look Out for This Week
SEC Settles On Calling Token a “Security” Claim?
The latest hearing in the LBRY Vs SEC lawsuit turned out to be, as expected, good news for the entire crypto community, especially for XRP holders. The US district court heard the oral arguments on the application of remedies. John Deaton, Amicus Curiae in the XRP lawsuit also submitted an amicus brief in the LBRY case.
Trading Firm Dumps Tokens To Binance
On-chain analytics platform Lookonchain in a tweet on January 31 revealed that Jump Trading started transferring Lido DAO (LDO) tokens to crypto exchange Binance from January 26. It caused the LDO price to drop by over 20%.
Since Thursday, Jump Trading has transferred almost 350,000 LDO to Binance. The LDO price drops every time Jump Trading transfers LDO tokens to Binance. Read More Here…
FTX Seeks To Recoup $446 Million
Bankrupt cryptocurrency exchange FTX filed a lawsuit against crypto lender Voyager Digital in an effort to recover $445.8 million in loan repayment that were made by FTX before filing for bankruptcy.
Both FTX and Voyager have filed for bankruptcy, with Voyager filing in July and FTX in November. Read More Here…
XRP price down by 6%
XRP price dropped by over 6% in the last 24 hours. XRP is trading at an average price of $0.391, at the press time. Its 24 hour trading volume surged by more than 53% to stand at $1.2 billion.
Bitcoin Market performed best in Jan 2023
As per Glassnode’s report, January 2023 saw the strongest monthly price performance since Oct-2021 for Bitcoin markets. This was fuelled equally by historic spot demand and a sequence of short squeezes. However, this rally helped the market’s large portion to get back into profit.
The initial impulse of exchange outflows, in the aftermath of FTX, has calmed to neutral, and is now balanced by newly motivated inflows.
Liquidation breaches $150 million
As per the data, around 53K Crypto traders have liquidated more than $160 million of funds from the digital asset market. However, the single largest liquidation order happened on OKX which was valued around $2 million.
Crypto Market Crashes
The global digital asset market registered a massive drop on Tuesday morning following a broad recovery. The cumulative market cap is down by more than 3% over the past 24 hours to stand at $1.04 trillion. However, the 24 hour trading volume has jumped by 15% to stand at $57 billion.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.