Why Is The Crypto Market Down Today?
The crypto market slipped on Wednesday, August 12, down over a percent from Tuesday’s high. At press time, the TOTAL ticker is valued near $2.16 trillion, down almost 2.5% since its August 9 peak. This sustained retreat can be traced to a broken ETF inflow streak and the surging Treasury yields. The latter now pulls The post Why Is The Crypto Market Down Today? appeared first on BeInCrypto.
Key Takeaways
- The crypto market slipped on Wednesday, August 12, down over a percent from Tuesday’s high.
- At press time, the TOTAL ticker is valued near $2.16 trillion, down almost 2.5% since its August 9 peak.
- This sustained retreat can be traced to a broken ETF inflow streak and the surging Treasury yields.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in DeFi
Bitcoin Carry Trade Tops Treasury Yields at 7.89%: Will Wall Street Rotate?
Bitcoin carry trade returns hit 7.89% on CME, topping the 4.19% two-year Treasury yield as ETFs drew $865 million. The post Bitcoin Carry Trade Tops Treasury Yields at 7.89%: Will Wall Street Rotate? appeared first on BeInCrypto.
Global Banks Pilot Tokenised Settlement on Shared Ledger
A consortium of global banks has begun piloting tokenised settlement of certain transactions on a shared ledger. The trial aims to test faster settlement and reduced operational friction for cross-border payments. Participants describe it as an early-stage…
Global Banks Pilot Tokenised Settlement on Shared Ledger
A consortium of global banks has begun piloting tokenised settlement of certain transactions on a shared ledger. The trial aims to test faster settlement and reduced operational friction for cross-border payments. Participants describe it as an early-stage…