Filecoin Declines With Record Liquidations; GBTC Open For 20% Capital Return

Daily Top Mover — Filecoin (FIL)

U.S. equities closed lower for the fourth day after a slew of hawkish remarks from global central banks. Traders tighten their buckle in the face of additional volatilities stemming from the Bank of Japan’s unexpected pivot with yield policy changes. Meanwhile, the broader cryptocurrency market barely moved in the past 24 hours, with Bitcoin and Ether up 0.07% and 0.83%, respectively. The top mover for today, Filecoin (FIL), which registered a 1.93% decrease in the past 24 hours and a 31.0% drop in the past week, has clearly underperformed the market on the back of record-long liquidations.