Cryptocurrencies lose US$ 182 billion on threat to risky assets and more issues moving the crypto market today

Cryptocurrencies lose US$ 182 billion on threat to risky assets and more issues moving the crypto market today" title="Cryptocurrencies lose US$ 182 billion on threat to risky assets and more issues moving the crypto market today" />

The cryptocurrency market registers a new day of losses amid the start of the Federal Reserve (FED) meeting that may signal an increase in interest rates in the United States. The fear is that, if the change is confirmed, investors may close positions in risky assets in search of safer returns on US government bonds.

The sum of all major crypto assets dropped US$ 182 billion in one day, from US$ 2.41 trillion to US$ 2.39 trillion, the biggest daily decline of the month. Since the beginning of December, total losses already amount to US$ 530 billion.

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Bitcoin (BTC), which fell to US$ 45k, tries to recover the region of US$ 47k this morning as investors of BTC ETFs in the US already lose their appetite for the product. As a result, futures contracts on the Chicago Stock Exchange, which serve as a benchmark for the funds, trade at lower prices than on the spot market.

Today, however, the one suffering the most is Ethereum (ETH), with buyers giving up holding the price and paving the way for a more abrupt fall of an asset that until then had remained less volatile.

ETH lost US$ 4K and is trading at US$ 3,776 as of today morning, bringing with it several other allied cryptocurrencies such as Polygon (MATIC) and Polkadot (DOT), as well as direct rivals such as Solana (SUN) and Cardano (ADA) – all retreat between 4.1% and 8.4% in the last 24 hours.

Despite this, specialists remain optimistic for the medium term. “It is important to note that Ether confirmed a breakout to new highs in November, creating a projected move near US$ 6k, providing a longer-term bullish structure,” explained Katie Stockton, Founder and Partner at Fairlead Strategies, in a report. published last night.

In the short term, the situation is different. Of the top 100 cryptocurrencies by capitalization, only six are reporting gains today: Tezos (XTZ), IoTeX (IOTX), eCash, OKB (OK B) (XEC) and EOS (EOS), which advance between 1.7% and 4.6%, and Decentralized Social (DESO), which shoots 39% after listing on Coinbase, the largest exchange in the USA.

Check out the performance of the main cryptocurrencies at 7:21 am:

Cryptocurrencies with the biggest increases in the last 24 hours:

Cryptocurrencies with the biggest losses in the last 24 hours:

Check out how cryptocurrency ETFs closed in the last trading session:

See the main news of the crypto market this Tuesday (14):

Nike doubles down on metaverse bet and acquires fashion NFT startup

Nike closed the purchase of RTFKT, a startup specializing in collectible and fashion NFTs, in yet another step that indicates the sporting goods manufacturer's commitment to the metaverse concept. The terms of the agreement were not disclosed.

According to CoinDesk, one of RTFKT's flagship products is a hybrid NFT and physical collectible sneaker, inspired by the NFT CryptoPunks collection. In addition, in March of this year, a campaign between the startup and a digital artist resulted in the sale of USD $ 3.1 million in digital footwear in the metaverse.

"This acquisition is another step that accelerates Nike's digital transformation and allows us to serve athletes and creators at the intersection of sport, creativity, gaming and culture," said Nike President John Donahoe in a statement.

“We are acquiring a very talented team of creators with an authentic and connected brand. Our plan is to invest in the RTFKT brand, serve and grow its innovative and creative community, and extend Nike's digital footprint and capabilities."

(More Informations soon)

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