Almost all cryptographic active ingredients see red on Monday morning, total market capitalization for all cryptographic active ingredients falling below 4 dollars of dollars since Sunday evening.
Bitcoin (BTC-USD) fell 3%. The second largest cryptocurrency, ether (Eth-USD), dropped by 6%. The Solana token (Sol-USD) is down 7%. DOGECOIN (DOGE-USD) and World Liberty Financial (WLF) are each down 10%.
On Sunday evening, a total of $ 1.7 billion in trading posts on the crypto derivative market was liquidated, according to the Coinglass data supplier.
Among these positions, 94% came from bullish professions with the largest whip out – worth $ 12.7 million – in terms of OKX Crypto Exchange.
Merchants taking up bullish bets on Ether have seen more than $ 500 million in liquidations while Bitcoin Chance Games saw $ 280 million withdrawn, according to Coinglass.
The cryptographic assets were sold last week after the well -telegraphic signal of the federal reserve that it would reduce its short -term policy of a quarter of percentage.
Companies holding Bitcoin and other digital assets – supposedly cryptographic treasure companies – have faced pressures in recent weeks after seeing wild stock overvoltages earlier this year.
To date, more than 180 public companies have added Bitcoin to their balance sheets to date, according to the Bitcointareries.net data supplier. Many have been launched in the past year in order to reproduce performance in disproportionate shares of the Bitcoin giant Bitcoin strategy by Michael Saylor (MSTR).
The action of the strategy (MSTR) is down 1.3%. The company has piled up in a betcoin bet from 2020, using a combination of debt and equity to finance massive cryptocurrency purchases that transformed the Business Intelligence software company into Bitcoin Juggernaut. Despite the train recently, the action has increased 2,200% since it started buying bitcoin.
Among these companies, some 94 are considered to be imitators of strategy according to their size, their business model and the way they finance their purchases of Bitcoin, according to Vetle Lunde, research manager for OSLO, the market research company in Norwegian crypto K33.
According to K33 research, around 25% approximately 25% have stock market capitalizations which have sagged the value of their Bitcoin farms.
The dynamics caused the first merger in the space of the Bitcoin Treasury.
On Monday, the stock of health technology companies became the Bitcoin Semler Scientific (SMLR) cash company increased by 27% following the announcement that it had concluded an agreement to be acquired by a larger Bitcoin cash company, the merger of Vivek Ramaswamy (ASST) thanks to a merger in stock.
