Crypto
Bitcoin and ether slide as the crypto market loses $51B
Crypto starts the day softer, with every major coin in the red and total market value down 2.3%.
Bitcoin falls 2.8% to 62929.6719, Ethereum drops 2.9% to 1861.61, and Solana loses 2.3% to 72.76. XRP falls 2.0% to 1.062, while Dogecoin slips 1.1% to 0.0698.
The total crypto market cap declines to $2.2T, down 2.3% on the day. Bitcoin dominance sits at 56.3%, and Ethereum dominance is 10.0%.
CoinDesk points to a market trying to digest a choppy August after forced selling has been exhausted. That fits the tape more than a single-cause move, since the provided data shows broad weakness but no single catalyst tied to today’s decline.
BNB is the only large coin in this set that avoids a bigger drop, easing 0.9% to 586.67. Even so, the broader group still closes lower across the board.