Bitcoin sinks below $109k wiping $170 billion from crypto marketBitcoin drops below short-term holder realized price as leveraged crypto positions face market sell-off.
Happy Friday!Bitcoin slid below $109,000, erasing $170 billion from the crypto market amid a leveraged sell-off, while XRP’s liquid staking vault approaches $20 million, highlighting growing DeFi utility. On-chain data shows Bitcoin’s market exhaustion as it faces a critical test after absorbing $678 billion in inflows this cycle. Meanwhile, a BlackRock executive notes institutional crypto ETF adoption remains early, with XRP and SOL ETFs still unconfirmed. Catch up on these stories. Ad: 🚀 TRADE Stocks and Crypto — GET $50 WHEN YOU DEPOSIT on Nemo: Download now The global crypto market cap is $3.75 trillion, with a 24-hour volume of $225.83 billion. The price of Bitcoin is $109,153.27, and BTC market dominance is 58.1%. The price of Ethereum is $3,953.34, and ETH market dominance is 12.7%. The best-performing sector is Synthetic Issuer, which gained 14%. The Crypto Fear & Greed Index is currently Extreme Fear (28). 📰 Top News
Bitcoin sinks below $109k wiping $170 billion from crypto marketBitcoin drops below short-term holder realized price as leveraged crypto positions face market sell-off. XRP’s DeFi utility sparks as liquid staking vault nears $20 millionmXRP’s swift adoption underscores investor eagerness to unlock fresh utility for long dormant XRP. Bitcoin faces critical test as on-chain data reveals market exhaustionThis cycle has absorbed $678 billion in net inflows through realized cap growth, nearly 1.8 times larger than the previous cycle. BlackRock exec says crypto ETF institutional adoption still early, XRP and SOL ETFs unconfirmedRobbie Mitchnick stated that institutional penetration lags significantly behind retail adoption, despite the success of products such as IBIT and ETHA. 🗞️ More News
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