The latest price moves in crypto markets in context for August 18, 2023.
Bitcoin has dropped 7% over the past 24 hours, plunging to levels not seen since June as the digital-asset market witnessed one of the worst sell-offs this year.Coinglass data
. The world’s largest cryptocurrency by market value was trading at around $26,400 at the time of writing, but briefly fell to $25,234 on Thursday. Altcoins performed slightly better with ether losing 6% over the same time period and Solana’s SOL losing around 5%.market structure and liquidations were a likely reason for the sudden drop instead of a singular fundamental catalyst.
Approval marks one of the final steps on Celsius’ year-long march out of bankruptcy and the return of funds to customers, in a period which has seen widespread disruption in crypto markets and the arrest of former Chief Executive Officer Alex Mashinsky on fraud charges, which he has denied.ether futures ETFs for the U.S., Bloomberg reported on Thursday. Several firms have applied to list these exchange-traded funds, which would hold derivatives contracts tied to ether – rather than ether itself.
But they need the U.S. Securities and Exchange Commission's blessing, something Bloomberg said might be imminent. There are already U.S. ETFs that hold crypto derivatives: bitcoin futures ETFs. The industry is anxiously awaiting word on whether ETFs that hold bitcoin itself, not derivatives, might also get approval. Wall Street giants like BlackRock are seeking to create those, too.
On Thursday, max slippage or the highest daily slippage on a single market order surged to highest since September 2022.
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