Welcome to the latest news on the Cryptocurrency market, the topics we will discuss include, Cryptocurrency, blockchain, Defi, Cefi, NFT, Ai, Web 3.0, and the global economy in general.
Here you will read daily the latest events in the global economy and Cryptocurrency, which include important things such as market changes, new regulations imposed by governments on Cryptocurrency and the adoption of crypto by banks and new projects in Cryptocurrency, developments in Blockchain Technology.
1. The general state of the market
The total market cap is currently $3.67 trillion, and has decreased by 0.87%.
The Fear and Greed index, which is a measure of investor sentiment, shows that it is 28%, which means that the market sentiment is fear-oriented.
Over $263.56 million was lost in the market in the past 24 hours, with $186.16 million coming from long positions. Bitcoin (BTC): The trading price fell to $114,295, down 0.79% on the day.
Ethereum (ETH): Over the past 24 hours, the price of Ethereum has decreased by 1.05 percent to $4,111.19. XRP: Its price increased by about 0.77% and is currently trading at $2.64.
BNB: The price of this coin is at $1,135.99, down 3.13% in the last 24 hours.
Solana:- The price of Sol Coin is down 0.31% today and is currently trading at $198.98.
2. Policy and Regulation
of the Market Representative Ro Khanna has introduced a new bill that would prohibit the president, members of Congress, all elected officials and their families from trading in cryptocurrencies or stocks.
Republican Senator Thom Tillis reminded Congress that they have until January or February to pass legislation related to cryptocurrencies before election politics stall progress.
3. Institutional Investment and
ETFs Both BTC and ETH ETFs saw positive investment on October 27th, with Bitcoin receiving $149.3 million, while Ethereum received $133.9 million.
On October 27, the BlackRock Ethereum ETF purchased $72.5 million for $17,440. Bitcoin was purchased for $141.6 million by Ark Invest and BlackRock. 4. Whale Investments Affecting the Market
Evernorth, a Ripple-backed company, bought $1 billion worth of XRP ahead of its Nasdaq listing.
American Bitcoin Company bought $1,414 worth of $BTC worth $163 million, increasing its total holdings to $3,865 million worth of $BTC, now valued at $445 million.
5. Development Projects in the Market
Bitwise is launching the Solana Staking ETF ($BSOL) today, which will be the first U.S. ETF to invest 100% in $SOL (spot exposure).
“Crypto and stablecoins are the tools that will modernize the global financial system,” said Coinbase CEO Brian Armstrong.
In a week, the gold market lost $3.37 trillion. 6. 3.0 AI and the Web Within ChatGPT, PayPal and OpenAI have collaborated to implement instant commerce and checkout. The new partnership aims to give users the ability to complete their purchases and transactions within ChatGPT using AI assistance and PayPal’s payment services.
Elon Musk launched Grokipedia, an AI-powered encyclopedia.
Grokipedia was built to provide intelligently curated information and knowledge, leveraging Grok’s AI technology to answer users’ questions in a simple and understandable way.
7. Blockchain Technology
Citibank has partnered with Coinbase to expand its digital asset payment solutions for its large financial institution clients.
The goal is to bring Crypto-based payment methods into the systems of major banks.
This demonstrates a deep integration between traditional finance and blockchain infrastructure.
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