Jamie Crawley is a CoinDesk news reporter based in London.
SOL and DOGE were among the worst affected, currently trading 4.5% and 10% lower in the last 24 hours. Bitcoin fell below $66,000 to around $65,300, a dip of 0.9%, while ether is over 3.25% lower at $3,400. The CoinDesk 20 Index , which measures the broader digital asset market, is down just over 3% in the last 24 hours. Bitcoin ETFs also continued their dismal run, experiencing $145 million worth of outflows on Monday.The figures are the biggest hit DOGE has taken since May 2021.
BTC long bets lost $47 million and ETH suffered worse than either of them at $76 million. Overall, crypto longs lost over $440 million as profit-taking and dollar strength weighed on the market, traders said. Open interest, or the number of unsettled futures bets, has dropped 16% to $600 million. Meanwhile, a long-short ratio tracking DOGE futures shows traders are positioning for further declines, with the ratio at 0.94 – indicating a bearish bias.The ZK token opened at $0.
Since December, the total value locked in the TON blockchain has increased from $11 million to $603 million.interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.
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