Crypto market slides: Bitcoin at $83,392, Ethereum at $2,569
- —BTC -2.60% to $83,392, ETH -4.55% to $2,569 in 24 hours
- —XRP -5.47%, SOL -4.16%, DOGE -5.59%, BNB -1.09%
- —Bitcoin dominance rose to 59.18%, Ethereum's fell to 11.08%
- —Crypto derivatives volume up 27.64% to $792.5 billion
Why it matters: Rising Bitcoin dominance and derivatives volumes point to capital concentrating in BTC and heightened speculative activity amid a broad sell-off.
Source: TokenPost