“Rising market prices enticed traders to take on more leverage, in the form of borrowing stablecoins, which was then used to buy more crypto,” analysts Sheena Shah and Kinji Steimetz wrote. “Falling market prices were catalyzed by a reduction in crypto liquidity caused by traders closing long crypto positions, followed by redemptions of the stablecoin received.”
Read More: www.coindesk.com
Bitcoin (BTC) $ 97,999.00
Ethereum (ETH) $ 3,598.39
Tether (USDT) $ 1.00
Solana (SOL) $ 242.65
XRP (XRP) $ 1.69
BNB (BNB) $ 656.80
Dogecoin (DOGE) $ 0.421054
USDC (USDC) $ 0.999347
Cardano (ADA) $ 1.06
Lido Staked Ether (STETH) $ 3,601.69
Avalanche (AVAX) $ 44.07
TRON (TRX) $ 0.204588
Toncoin (TON) $ 6.47
Stellar (XLM) $ 0.519535
Wrapped stETH (WSTETH) $ 4,264.85
Shiba Inu (SHIB) $ 0.000026
Wrapped Bitcoin (WBTC) $ 97,923.00
Polkadot (DOT) $ 8.63
Chainlink (LINK) $ 17.94
Bitcoin Cash (BCH) $ 515.51
WETH (WETH) $ 3,601.35
Sui (SUI) $ 3.53
Pepe (PEPE) $ 0.000020
NEAR Protocol (NEAR) $ 6.87
LEO Token (LEO) $ 8.61
Uniswap (UNI) $ 12.68
Litecoin (LTC) $ 101.33
Wrapped eETH (WEETH) $ 3,791.14
Aptos (APT) $ 12.97
Hedera (HBAR) $ 0.158586
Internet Computer (ICP) $ 11.75
USDS (USDS) $ 0.997857
Cronos (CRO) $ 0.184867
Ethereum Classic (ETC) $ 31.67
POL (ex-MATIC) (POL) $ 0.568361
Render (RENDER) $ 8.87
Bittensor (TAO) $ 618.09
Ethena USDe (USDE) $ 1.00
Artificial Superintelligence Alliance (FET) $ 1.64
Kaspa (KAS) $ 0.154026
Arbitrum (ARB) $ 0.922000
Filecoin (FIL) $ 5.97
Bonk (BONK) $ 0.000048
VeChain (VET) $ 0.043983
Celestia (TIA) $ 8.01
Dai (DAI) $ 0.999917
Stacks (STX) $ 2.30
WhiteBIT Coin (WBT) $ 23.55
Immutable (IMX) $ 1.98
Cosmos Hub (ATOM) $ 8.53
