Crypto market capitulation refers to a point of extreme selling pressure when investors panic and sell off assets, often marking the bottom of a market cycle.

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The downturn in the cryptocurrency market has been severe, with Bitcoin and Ether taking the biggest hits. Over the past 24 hours, Bitcoin fell to $92,580, its lowest level in three weeks, and Ether totally collapsed, giving up nearly 24% of its value and tumbling down to $2,326—the lowest level for Ether since way back in early September. Liquidations impacted 418,277 traders across the broader market, with a total of over $2.04 billion in liquidations. Total losses amounted to $1.06 billion. Among the losses, one large-scale investor, or “whale,” was liquidated for $19.05 million. A sharp decline is in effect

The post Crypto Market Sees Sharp Decline as Ether Falls 20%—What’s Behind the Sell-Off? appeared first on The Merkle News.

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Litecoin price is up today after the SEC acknowledged Canary Capital’s spot LTC ETF application within two weeks of its initial filing on Jan. 16.

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FTX’s $1.2 billion repayment is seen as a significant liquidity event for the industry that may bolster cryptocurrency valuations.

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Ripple President Monica Long added that XRP will likely receive its spot ETF approval “very soon.”

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Pudgy Penguins’ NFT sales have plummeted 52% in the past week,

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South Korea’s crypto user base surged to 15.6 million in November, surpassing 30% of the population.

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Cathie Wood predicts a surge in M&A activity under Trump’s administration, driven by deregulation and reduced FTC barriers.

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Historically, markets outperform after presidential elections and then stall once the President-elect takes office, data shows.

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