{"id":12756,"date":"2022-06-14T23:23:59","date_gmt":"2022-06-14T23:23:59","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-ethereum-tank-and-hit-new-12-month-lows\/"},"modified":"2022-06-14T23:23:59","modified_gmt":"2022-06-14T23:23:59","slug":"bitcoin-ethereum-tank-and-hit-new-12-month-lows","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-ethereum-tank-and-hit-new-12-month-lows\/","title":{"rendered":"Bitcoin, Ethereum Tank and Hit New 12-Month Lows"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Bitcoin, Ethereum, and the other leading cryptocurrencies dropped hard over the weekend, wiping out mild gains made in the previous week. The global crypto market cap is down to $1.03 trillion, losing 7.5% in value within 24 hours, according to <a href=\"https:\/\/igaming.org\/cryptocurrencies\/coinmarketcap\/\">CoinMarketCap<\/a>.<\/p>\n<p><a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\">Bitcoin<\/a> has lost 18% in the past seven days and has fallen below $26,000 to $25,513, a new 12-month low. <a href=\"https:\/\/igaming.org\/cryptocurrencies\/ethereum-alternative-coin\/\">Ethereum<\/a> could not escape a worse fate, down 28% in a week,<\/p>\n<p>Other cryptocurrencies tanked along as each of the top 20 coins by market cap lost big time.<\/p>\n<p>BNB took a 22% hit in the past week, <a href=\"https:\/\/igaming.org\/cryptocurrencies\/cardano\/\">Cardano <\/a>(ADA) 24% while <a href=\"https:\/\/igaming.org\/cryptocurrencies\/ripple\/\">XRP<\/a> and Solana (SOL) lost 18% and 31% respectively.<\/p>\n<p>After a huge bull run in 2020 and 2021, a crypto winter seems to have surely begun.<\/p>\n<p>Investors are making it very clear since May that we are in a risk-off environment, while rising inflation, falling tech stocks, ongoing Covid-19 fears, geopolitical unrest and regulatory uncertainty are all playing a role.<\/p>\n<p>Last month the <a href=\"https:\/\/igaming.org\/crypto\/terra-blockchain-resumes-after-halt-biding-time\/\">Terra ecosystem<\/a> (UST and LUNA) burned down, while earlier on Monday lending services <a href=\"https:\/\/igaming.org\/crypto\/crypto-lending-firm-celsius-stops-withdrawals-markets-crash\/\">Celsius stopped all withdrawals<\/a> and seems to be moving to an unexpected exit from the crypto space.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/bitcoin-ethereum-tank-and-hit-new-12-month-lows\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Bitcoin, Ethereum, and the other leading cryptocurrencies dropped hard over the weekend, wiping out mild gains made in the previous week. The global crypto market cap is down to $1.03 trillion, losing 7.5% in value within 24 hours, according to CoinMarketCap. Bitcoin has lost 18% in [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":12757,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12756"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=12756"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12756\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/12757"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=12756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=12756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=12756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}