The Market Dips and Fetch.ai Releases a Tool for DeFi Users
Apr 19, 2023
Crypto markets declined sharply late last night before finding some footing this morning. At the time of writing, BTC is down 3.11%, and ETH is down 4.93%. It’s thought that this sell-off was triggered by a spot sale of 19.9k BTC (~$600M) on Binance over a span of 45 minutes. This is an unusually large sale to happen in such a short period of time. Altcoins have seen more significant declines than the majors – SOL -1.33% is down 5.64%, LTC 0.22% is down 6.22%, and LDO is down 7.60%. The ETH/BTC ratio, which had been rallying ever since the conclusion of Shapella has corrected a bit today, down 1.98%. Traditional markets are only down slightly, SPX dropped 0.24%, and NDQ is down 0.41%.