A day in the red: the 10 largest cryptocurrencies fall and the top 10 drop by an average of 5,87%.
Market data as of 20:55 (peninsular time) on 05/11. Prices change continuously.
The key points of the day
- Bitcoin and Ethereum: BTC 68.019 € (-4,57%), ETH €2.016 (-6,06%).
- What moved the most: Uniswap -9,14%Near Protocol -7,24%.
- The reason for the day: The sale of technology stocks linked to artificial intelligence dragged down cryptocurrencies; the article notes losses of 6%-7% in ETH, SOL, XRP and HYPE. View source
What has moved the market
More than $1.000 billion in crypto derivatives positions were liquidated, mostly long positions, amplifying the decline. View source
Uni swap (UNI) falls 9,14%
Uniswap drops from €6,73 to €6,12 in 24 hours.
- Two prominent wallets sent 11,65 million UNI, valued at approximately $82,38 million, to Coinbase Prime; the news describes the move as a sell signal from large holders.
- Selling pressure drove UNI to break the $6,30 support zone and triggered an intraday drop of 5,1% in minutes during a high-volume session.
Sources: Ebtcnews
To understand it better: What is Uniswap?, at Bit2Me Academy.
Hyperliquid (HYPE) falls 6,48%
Hyperliquid goes from €74,36 to €69,54 in 24 hours.
- HYPE extended its correction after the rally associated with the ICE and Trade[XYZ] agreement to bring Hyperliquid-based perpetual futures to the United States; the token had risen as high as $96 and subsequently fell almost 15% from that peak.
- Four large portfolios sold approximately $5 million worth of HYPE during the rally, according to Santiment, turning the excitement generated by the news into an exit opportunity for large holders.
Sources: CoinDesk
Ethereum (ETH) falls 6,06%
Ethereum drops from €2.146 to €2.016 in 24 hours.
- Ether fell along with the crypto market during the sell-off triggered by the collapse of AI stocks; the source reports losses of 6%-7% in ETH.
- The liquidation of leveraged positions amplified the selling pressure: the news puts the liquidation of crypto derivatives at more than $1.000 billion during the last 24 hours.
Sources: CoinDesk · Cryptotimes
To understand it better: What is Ethereum?, at Bit2Me Academy.
Left (LEFT) falls 4,91%
Solana goes from €84,37 to €80,23 in 24 hours.
- Solana fell within the massive sell-off of major crypto assets triggered by the collapse of AI-related stocks; the news includes SOL among the assets with losses of 6%-7%.
Sources: CoinDesk
To understand it better: What is Solana?, at Bit2Me Academy.
Bitcoin (BTC) falls 4,57%
Bitcoin drops from €71.280 to €68.019 in 24 hours.
- The collapse of tech stocks and the Nasdaq dragged Bitcoin below $76.000; the news attributes the drop to the selling of AI-related assets and the liquidation of more than $1.000 billion in crypto derivatives.
Sources: CoinDesk
To understand it better: What is Bitcoin?, at Bit2Me Academy.
XRP falls 4,46%
XRP drops from €1,16 to €1,11 in 24 hours.
- XRP suffered the same widespread sell-off that affected major crypto assets during the tech stock crash; the source puts its losses in the 6%-7% range along with ETH, SOL and HYPE.
Sources: CoinDesk
To understand it better: What is XRP?, at Bit2Me Academy.
The rest of the top
Near Protocol (-7,24%), Sui (-6,32%), Cardano (-4,95%) and Chainlink (-4,53%) fell without any news of their own in the window, in line with the general market correction.
Top 10 Prices
| Criptomoneda | Price | 24 h | Operate |
|---|---|---|---|
| Bitcoin BTC | 68.019 € | -4,57% | Operate |
| Ethereum ETH | 2.016 € | -6,06% | Operate |
| XRP | 1,11 € | -4,46% | Operate |
| Solana SOL | 80,23 € | -4,91% | Operate |
| Cardano ADA | 0,17 € | -4,95% | Operate |
| Near-Protocol NEAR | 3,30 € | -7,24% | Operate |
| Hyperliquid HYPE | 69,54 € | -6,48% | Operate |
| Sui | 0,77 € | -6,32% | Operate |
| chainlink LINK | 9,67 € | -4,53% | Operate |
| Uniswap UNI | 6,12 € | -9,14% | Operate |
Today's news
Bitcoin is property according to the Supreme Court of Thailand
Thailand's Supreme Court upholds that bitcoin is legal property with economic value and maintains a 10-year sentence for theft.
Strategy: CFO resigns and MSTR falls 6%
Strategy's chief financial officer resigns after reporting $21.000 billion in quarterly operating profit. MSTR shares fall 6%.
RedStone receives 15,8M Canton Coin for privacy
Canton Foundation awards 15,8 million Canton Coins to RedStone to develop confidential pricing software focused on the institutional sector.
Crypto market today: the latest summary and archive for the last 30 days
Generative artificial intelligence tools were used to create this article.
