Bitcoin, Ethereum, Dogecoin Head Lower As Stocks Bleed Amid Surging Bond Yields — Analyst Says 97% Of Short-Term Holders Enter 'Panic' Mode
Portfolio Pulse from Mehab Qureshi
Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin saw a significant decline in value following a dismissal request filed by Binance, Binance.US, and Changpeng Zhao in response to a SEC lawsuit. Stocks also experienced a decline amidst a surge in Treasury yields. According to Glassnode, 97.5% of short-term holders are facing unrealized losses.
September 22, 2023 | 2:32 am
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NEGATIVE IMPACT
Bitcoin saw a significant decline in value following a dismissal request filed by Binance in response to a SEC lawsuit.
The SEC lawsuit and the subsequent dismissal request by Binance have created uncertainty in the market, leading to a decline in Bitcoin's value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Dogecoin saw a significant decline in value following a dismissal request filed by Binance in response to a SEC lawsuit.
The SEC lawsuit and the subsequent dismissal request by Binance have created uncertainty in the market, leading to a decline in Dogecoin's value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Ethereum saw a significant decline in value following a dismissal request filed by Binance in response to a SEC lawsuit.
The SEC lawsuit and the subsequent dismissal request by Binance have created uncertainty in the market, leading to a decline in Ethereum's value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100