
Cryptointusiast from 2023
6 Followers
I'm in the @baseapp.base.eth šŖ
š Crypto Market Daily Recap ā What Happened in the Last 24 Hours 1ļøā£ Market downtrend continues with Bitcoin, Ethereum & major alts trading lower amid broader risk-off sentiment. The total crypto market cap slipped and forced liquidations hit significant levels, showing elevated volatility. 2ļøā£ Bitcoin & Ethereum options expiry (~$3.16B) is creating uncertainty ahead of the holidays ā thin liquidity could amplify swings. 3ļøā£ Asset-specific moves: Filecoin retraced earlier gains and underperformed broader markets. 4ļøā£ Regulatory heat: Broad market weakness appears tied to macro influences and delayed regulatory clarity. 5ļøā£ Industry development: Tether-linked firm Northern Data sold its bitcoin mining unit in a complex internal transaction, signaling strategic reshuffling amidst regulatory scrutiny. š Summary: Risk assets remain under pressure, liquidity events and macro/regulatory dynamics are key drivers.