“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.”
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Bitcoin (BTC) $ 110,902.00
Ethereum (ETH) $ 2,624.85
Tether (USDT) $ 1.00
XRP (XRP) $ 2.40
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Solana (SOL) $ 177.31
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Dogecoin (DOGE) $ 0.240248
Cardano (ADA) $ 0.788572
TRON (TRX) $ 0.271910
Lido Staked Ether (STETH) $ 2,623.15
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Hyperliquid (HYPE) $ 30.23
Stellar (XLM) $ 0.297272
Shiba Inu (SHIB) $ 0.000015
Hedera (HBAR) $ 0.201514
Bitcoin Cash (BCH) $ 414.93
LEO Token (LEO) $ 8.87
Toncoin (TON) $ 3.15
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Polkadot (DOT) $ 4.83
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Wrapped eETH (WEETH) $ 2,799.54
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BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00Bitcoin (BTC) $ 110,902.00Ethereum (ETH) $ 2,624.85Tether (USDT) $ 1.00XRP (XRP) $ 2.40BNB (BNB) $ 681.87Solana (SOL) $ 177.31USDC (USDC) $ 0.999752Dogecoin (DOGE) $ 0.240248Cardano (ADA) $ 0.788572TRON (TRX) $ 0.271910Lido Staked Ether (STETH) $ 2,623.15Wrapped Bitcoin (WBTC) $ 110,575.00Sui (SUI) $ 4.13Wrapped stETH (WSTETH) $ 3,154.94Chainlink (LINK) $ 16.35Avalanche (AVAX) $ 24.02Hyperliquid (HYPE) $ 30.23Stellar (XLM) $ 0.297272Shiba Inu (SHIB) $ 0.000015Hedera (HBAR) $ 0.201514Bitcoin Cash (BCH) $ 414.93LEO Token (LEO) $ 8.87Toncoin (TON) $ 3.15Litecoin (LTC) $ 98.49Polkadot (DOT) $ 4.83Monero (XMR) $ 398.22WETH (WETH) $ 2,629.68USDS (USDS) $ 0.999810Wrapped eETH (WEETH) $ 2,799.54Bitget Token (BGB) $ 5.28Pepe (PEPE) $ 0.000014Pi Network (PI) $ 0.832368Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.997230Ethena USDe (USDE) $ 1.00Coinbase Wrapped BTC (CBBTC) $ 110,912.00WhiteBIT Coin (WBT) $ 30.13Bittensor (TAO) $ 471.29Aave (AAVE) $ 252.47Uniswap (UNI) $ 6.36Dai (DAI) $ 0.999753NEAR Protocol (NEAR) $ 2.95Aptos (APT) $ 5.39Jito Staked SOL (JITOSOL) $ 212.77OKB (OKB) $ 52.90Ondo (ONDO) $ 1.00Kaspa (KAS) $ 0.116519Cronos (CRO) $ 0.099344Ethereum Classic (ETC) $ 19.44Internet Computer (ICP) $ 5.48BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
