{"id":508964,"date":"2022-11-17T19:33:42","date_gmt":"2022-11-17T19:33:42","guid":{"rendered":"https:\/\/uniquehot.com\/?p=508964"},"modified":"2024-06-11T14:28:20","modified_gmt":"2024-06-11T14:28:20","slug":"bitcoin-long-term-holders-face-major-financial-stress","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-long-term-holders-face-major-financial-stress\/","title":{"rendered":"Bitcoin Long-Term Holders Face Major Financial Stress"},"content":{"rendered":"
The Bitcoin and crypto market is still wallowing in turmoil from the collapse of the FTX exchange. Many crypto assets have followed a correlation with the decline of FTX Token, FTT. As a result, the past few days brought an intense bearish pull on the prices of virtual assets.<\/p>\n
With the recent events’ outplay, the crypto market’s overall performance shows doubts and fear. As a result, investors and other participants have initiated a panic sell-off for most crypto assets.<\/p>\n
Hence, the cumulative market cap has been experiencing a free fall since last week. The overall market cap sits at $824.19 billion at the press time, showing a drop of 1.92% over the past day.<\/p>\n