Bitcoin Falls Below $109K as Crypto Market Loses $170 Billion

The sharp decline also coincides with rising XRP DeFi activity, as its liquid staking vault approaches $20 million in value.

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XRP

Summary

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Terms & Concepts
  • Liquid Staking: A blockchain process that allows users to stake tokens while retaining liquidity, enabling them to use or trade derivative assets of the staked tokens.
  • DeFi: Short for Decentralized Finance, it refers to blockchain-based financial services that operate without traditional intermediaries like banks.
  • Market Capitalization: The total value of a cryptocurrency market, calculated by multiplying the current price by the circulating supply of all listed assets.