Bitcoin (BTC) fell over 12% in the last 24 hours,
extending the losing streak. At the moment the rate is close to the $27,000
mark and has tumbled more than 50% below its November 10 all-time high of
$69,000. Bitcoin fell to its lowest in 16 months on Thursday, continuing to
fall alongside risk assets such as technology stock. Also, it was pulled down
by the crash of TerraUSD, a stablecoin, which lost its dollar peg this week.

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Crypto assets have been under pressure over the last one
month, tracking a plunge in equities amid fears of aggressive interest rate
hikes across the globe to stave off decades-high inflation.

Bitcoin fear and greed index on Tuesday, May 11, 2022,
remained at the extreme fear level of 12 as per the alternative. me. The Fear
and Greed index is a technique for assessing investors’ emotions toward the
market.

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Bitcoin is currently trading at $26,766.79, down 13.00%.
In the last 24 hours, the highest it touched was $32,013.40 and the lowest was
$26,766.79. Bitcoin has a current market cap of $512,268,666,844. It has a
circulating supply of 19,037,643.00 BTC coins and a maximum supply of
21,000,000 coins.

Australian crypto ETFs receive $1.3M volume so far on difficult listing day

With crypto markets crashing, three crypto-focused
exchange-traded funds (ETFs) picked a difficult day to start trading on local
exchange Cboe Australia today.

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The launch marks the first crypto ETFs to go live in
Australia, with two of them focused on offering exposure to Bitcoin (BTC) and
the other focused on Ethereum (ETH), reported Cointelegraph.

So far the three, ETFs have generated over $1.3 million
between them and as per estimates, they could see around 41 billion worth of
inflows moving forward. The Cosmos Purpose Bitcoin Access ETF (CBTC) from
Sydney-based crypto investment company Cosmos Asset Management offers an
indirect path to BTC, as it “approximately tracks the performance of the USD
denominated ETF non-currency hedged units (Purpose ETF Units) in the Purpose
Bitcoin ETF”.

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The other two ETFs were created by ETF securities in
partnership with major Switzerland-based exchange-traded products (ETP)
provider 21 shares. The funds are called the Bitcoin ETF (“EBTC”) and Ethereum
ETF (“EETH”). They both follow. the Australian dollar (AUD) value of their
respective assets.