💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Coffee And Crypto: Wednesday's Top Stories And Price Action

Published 22/06/2022, 15:07
© Reuters.  Coffee And Crypto: Wednesday's Top Stories And Price Action
CRCW
-

The worldwide cryptocurrency market capitalization is at $893.8 billion on Wednesday, down from $927 billion on Tuesday afternoon.

Crypto asset broker and trading platform Voyager Digital announced on Wednesday that it is threatening the hedge fund Three Arrows Capital (3AC) with a default notice over its debt to Voyager.

The company said its exposure to 3AC consists of 15,250 Bitcoin (CRYPTO: BTC) and $350 million worth of stable coin USDC (CRYPTO: USDC). Voyager made the request that it expects all debts to be paid by June 27.

Also Read: Shiba Inu (SHIB) Surges 17%: Musk's Dogecoin Spillover, Lead Developer Buzz And More Factors

Meanwhile, Voyager and BlockFi both received credit facilities upwards of $250 million from Alameda Research, which is a quantitative cryptocurrency trading firm that provides liquidity in cryptocurrency and digital asset markets, founded by FTX CEO Sam Bankman-Fried.

Bitcoin is down 3.71% in the last 24 hours, rebounding from Friday's lows of $17.7k — the coin priced at $20,367 on Wednesday morning.

Let’s take a peek at some of the other top cryptos.

Ethereum (CRYPTO: ETH)

The popular altcoin used mainly for the purchase of NFTs remains buoyant, floating around 52-week lows. The coin is trading at $1,085.70.

Solana (CRYPTO: SOL)

The “fast, secure, and scalable” coin is trading 6.25% lower in the last 24 hours, with prices hovering around $35.13 on Wednesday.

BNB (CRYPTO: BNB)

Binance’s native coin is trading 2.92% lower to $216.27.

Dogecoin (CRYPTO: DOGE)

The ever-popular altcoin is trading 3.93% lower to $0.062.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.