Every trade and investment has risk, therefore you should always do your own research before making a choice.
Bitcoin accounted for $52.54 million of the $222.56 million in crypto assets that were liquidated in the past day, according to CoinGlass.
Over the last day, Ethereum had a larger value liquidation of $53.19 million due to more severe losses than BTC.
After reaching highs of $23,451 on February 8, bitcoin dropped to lows of $21,636 on February 10. The biggest cryptocurrency had a three-day fall of 6%, the lowest since December.
Alternative cryptocurrencies, sometimes referred to as “altcoins,” also suffered on what will be a losing day two.
At the time of publication, trade in a number of cryptocurrencies including Dogecoin (DOGE), Solana (SOL), XRP (XRP), Shiba Inu (SHIB), and Binance Coin (BNB) was negative.
The Graph (GRT), Fantom (FTM), Lido DAO (LDO), and Polkadot (DOT) all reported greater losses of 10% to 15%.
Kraken will stop staking crypto.
The Securities and Exchange Commission (SEC) has accused cryptocurrency exchange Kraken of violating securities laws with its crypto-staking products. Kraken has agreed to pay $30 million to resolve the SEC’s charges.
The exchange will also stop selling these goods in the nation as part of the settlement. The SEC claimed that Kraken’s staking business represented an unauthorized sale of securities.
Hester Peirce, a crypto-mom and SEC commissioner, said in a statement about the Kraken settlement that she does not view the company’s decision to discontinue its staking program as a victory for investors.