Name: Crypto correction and total market cap
Uploaded: 2022-08-29T17:39:16.104679+00:00
Duration: 106 s
Channel: Adrian Hargrave
Description: The global crypto markets have been in correction mode over the past week following the dramatic dip witness last Friday. At $1.3 trillion market capitalisation is still trending 5% down week on week.

The global crypto markets have been in correction mode over the past week following the dramatic dip witness last Friday. At $1.3 trillion market capitalisation is still trending 5% down week on week.

The global crypto markets have been in correction mode over the past week following the dramatic dip witness last Friday. At $1.3 trillion market capitalisation is still trending 5% down week on week.

https://d3ev5earl6dvd0.cloudfront.net/public-media/videos/004/565/004565/video_VaGg9em.mp4#t=8

Adrian Hargrave

Crypto correction and total market cap

Top moves in crypto this week

This week's volumes

This week's crypto news

The global crypto markets have been in correction mode these past seven days, following the dramatic dip witnessed last Friday.

At US$1.03tn, market capitalisation is still trending 5% down week on week, though it has regained ground since Monday’s price point of one trillion.

Bitcoin is sitting 6% down at US$21,400 against the week, while Ethereum’s US$1,660 price tag represents losses of over 8%.

EOS’s recent rally culminated in gains of 18% across the past seven days, bringing the blockchain token’s market cap up to US$656mln.

The Cosmos blockchain’s ATOM token added 16% to its now US$3.6bn market cap, whlie the Decred network and the Nexo centralised finance platform also performed well this week.

On the flipside, the US$1.7bn decentralised storage platform Filecoin suffered double-digit losses, as did the Flow network and move-to-earn (M2E) project Stepn.

In the decentralised finance space, total volumes across all protocols dropped by 3.5%, mainly due to last Friday’s market dip.

Lido and Aave both suffered around 8% in losses, while MakerDAO lost 4.5%.

The global crypto markets have been in correction mode these past seven days, following the dramatic dip witnessed last Friday.At US$1.03tn, market capitalisation is still trending 5% down week on week, though it has regained ground since Monday’s price point of one trillion.Bitcoin is sitting 6% down at US$21,400 against the week, while Ethereum’s US$1,660 price tag represents losses of over 8%.EOS’s recent rally culminated in gains of 18% across the past seven days, bringing the blockchain token’s market cap up to US$656mln.The Cosmos blockchain’s ATOM token added 16% to its now US$3.6bn market cap, whlie the Decred network and the Nexo centralised finance platform also performed well this week.On the flipside, the US$1.7bn decentralised storage platform Filecoin suffered double-digit losses, as did the Flow network and move-to-earn (M2E) project Stepn.In the decentralised finance space, total volumes across all protocols dropped by 3.5%, mainly due to last Friday’s market dip.Lido and Aave both suffered around 8% in losses, while MakerDAO lost 4.5%.

https://d3ev5earl6dvd0.cloudfront.net/public-media/videos/004/565/004565/video_VaGg9em.mp4

Bitcoin - 6% down at $21,400 
Ethereum - 8% down at $1660
EOS - 18% up

Total volumes across all protocols dropped by 3.5%, mainly due to last Friday's market dip. Lido and Aave have both suffered around 8% and losses, while Maker Dao lost more than 4%

Bloomberg reports suggesting that Sam Bankman-Fried's two companies, FTX and venture capital firm Alameda Research have partially merged has caused some confusion with SBF, claiming that the Bloomberg article was a big misrepresentation.