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顺势指标CCI

Hi, I'm Bradley Keoun, here to take you through the day's crypto market highlights and news.顺势指标CCI

Bitcoin (BTC) fell for a fourth straight day, just barely holding above the psychologically crucial $20,000 mark.

And so it seems fitting that the decentralized finance (DeFi) newsletter Bankless sent an edition on Wednesday under the title, "7 Mental Health Tips for This Bear Market."

"Unless you're a 顺势指标CCI crypto mega whale hoovering up 顺势指标CCI capitulation plankton, chances are number-go-down for a while," Jem Khawaja wrote in the newsletter.

Among altcoins, Polkadot’s DOT was the biggest loser in the CoinDesk 20, falling 3.7% over the past 24 hours. Ether (ETH), the native cryptocurrency of the Ethereum blockchain and the second biggest overall, fell 3.5%. Dogecoin (DOGE) rose 6%, and shiba inu (SHIB) rallied 3.6%.

In traditional markets, stocks edged lower as top officials at the Federal Reserve and European Central Bank spoke about the economy and inflation at a forum.

The day's highlight came when Fed Chairman Jerome Powell acknowledged that "we now understand better how little we understand about inflation." Consumer prices have been climbing at their fastest pace in four decades.

By Jimmy He

Crypto derivatives exchange Bybit said it is offering options contract settlement using USD coin (USDC).

The exchange said in a 顺势指标CCI press release that USDC, a stablecoin pegged 1:1 to the U.S. dollar 顺势指标CCI and the second-largest stablecoin by market capitalization, will enable stable prices for the duration of each contract.

Bybit’s choice to use USDC for contracts because of its stability unfolds despite increasing doubts about stablecoins. In May, Terra's UST, then the third-largest stablecoin by market cap, crashed 顺势指标CCI to nearly zero from its dollar peg. Tether (USDT), the largest stablecoin, lost $10 billion in market capitalization the same month when investors started to redeem the tokens.

Amid the general crypto market volatility, USDC is being 顺势指标CCI seen as a more reliable and transparent option, according to analysts.

Most digital assets in the CoinDesk 20 ended the day higher.

Sector classifications are provided via the Digital Asset Classification Standard (DACS), developed by CoinDesk Indices to provide a reliable, comprehensive and standardized classification system for digital assets. The CoinDesk 20 is a ranking of the largest digital assets by volume on trusted exchanges.