The Daily: Crypto market selloff, calls for emergency rate cut, Capula and Bitcoin ETFs | Headlines | News | CoinMarketCap
08/06/2024 02:40
I hope you had a good weekend, folks. In today's Daily, crypto drops heavily amid broader market fears, calls grow for an emergency Fed rate …
I hope you had a good weekend, folks. In today's Daily, crypto drops heavily amid broader market fears, calls grow for an emergency Fed rate cut, Capula reports owning $464 million in spot Bitcoin ETF shares and more.
Let's get started.
Cryptocurrency market capitalization registers largest daily drop since 2022
- The total crypto market cap fell to just under $1.7 trillion, having started the day at just over $2 trillion, according to TradingView.
- Escalating tensions in the Middle East and worries about the global economy's strength appeared to erode investor confidence.
- Bitcoin fell below …