Cryptocurrency markets lit up over the past week, with all but three top-100 digital assets booking gains
BTC and ETH bearish price action are contributing to a broader market sell-off of altcoins, Bitcoin derivatives open interest retraces
Cryptocurrency markets fall on news that the People’s Bank of China would restrict access to international crypto exchanges.
Investors risk appetite rebounds as cryptos make small gains and Wall Street indices advance.
“The macro spillover came early with crypto markets tumbling this week along with global risk assets in response to the Evergrande headlines,” QCP Capital Broadcast said. “For a market that was starving for directional catalysts and [was] extra edgy from FOMC uncertainty, this ‘risk-off’ was the perfect excuse for a hard dip.”
The crypto markets had another rocky day. In the last 24 hours, Solana, fell 10.90% to $123.25 and Uniswap fell 10.58% to $19.04.
$SUSHI is trading at $13.28, 43.2% lower than the token’s all-time high, according to CoinGecko.