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Defi Value Drops 21% in 2 Weeks, but $200B TVL is still 10x larger than this time last year.

Since January 4, 2022, the value of decentralised finance (defi) has declined by 21.22 percent. The total value locked (TVL) in defi was $255.84 billion at the time, and it is currently about $201.55 billion.

Currency’s price drops under $36K, BTC’s hegemony grows, and Tens of Billions Exit the Cryptocurrency Currency

Trading volume reached an all-time low this year, reaching $34K per unit just after 5 a.m. (EST) on Saturday morning. Bitcoins are presently fallen over 48% from their all-time high (ATH), which it attained two months ago on November 10, 2021, when it surpassed the $69K mark. Bitcoin has dropped 17 percent of its value in the last week alone, and many traders and investors are wondering whenever the slaughter will stop.

Bearish Conditions are Indicated by Low Volumes in Crypto Spot Markets and Derivatives.

The value of digital currency markets has dropped dramatically in the previous two weeks, and the reduced prices have not resulted in increased transactions. According to data, the bitcoin spot market volume has decreased from $1.4 trillion in November 2021 to $593 billion this month. Bitcoin futures open interest and volumes have also decreased significantly inside a recent couple of years weeks.

Bitcoin falls below $40,000, pushing the cryptocurrency market below $2 trillion.

For the first time since September 21, 2021, the value of bitcoin dipped below $40K on Thursday evening at 10 p.m. (EST). Bitcoin fell to a low of $38,250 per coin during Friday's early morning sales periods. Moreover, the whole valuation of symmetric encryption has fallen below $2 trillion, falling 7.5 percent to $1.94 trillion.

Because of such a sequencer outage, the Arbitrum Network has ceased.

The Arbitrum network, an Ethereum L2 (Layer 2) rollup, came into certain problems that plagued the generation of transactions and transaction confirmation to come to a halt. And per the Arbitrum group, the event was caused by downtime with its sequencer, a unique node that maintains transaction order, which rendered the system inaccessible for around 7 minutes. 7 Hour of Arbitrum Booths
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