Welcome to the most recent crypto market news. We'll talk about blockchain, cryptocurrencies, Defi, Cefi, NFT, AI, Web 3.0, and the global economy as a whole. You will be able to read every day about the most recent happenings in the global economy and cryptocurrency. These happenings include important things like changes in the market, new regulations imposed by governments on cryptocurrency, the adoption of cryptocurrency by banks, new cryptocurrency projects, and advancements in blockchain technology.
1.General Market Situation
The total market cap has decreased by 4.26 percent to $3.66 trillion at the moment. The Fear and Greed index, which is a measure of investor sentiment, shows that it is 34%, which means that the market sentiment is fear-oriented.
In the last 24 hours, the market lost more than $1.02 billion, with $856.57 million coming from long positions. Bitcoin (BTC): The trading price fell to $108,326, down 4.54% today.
Ethereum (ETH): In the past 24 hours, the price of Ethereum has decreased by 5.31 percent to $3,813.55. BNB: This coin's price is $1,098.99, down 1.76 percent in the last 24 hours. XRP: Its price has dropped by about 6.26 percent to $2.49 at the moment. Solana:- The price of Sol coin is down 6.92% today and is currently at $187.56.
2. Market Regulation and Policy
In Busan, South Korea, Presidents Xi Jinping of China and Donald Trump of the United States met face-to-face to talk about trade tariffs that have had an impact on the cryptocurrency market this month. 3. Institutional Investment and ETFs On October 29, $470.7 million went out of Bitcoin and $81.4 million went out of Ethereum ETFs. Meanwhile, Bitwise’s $SOL spot ETF saw new inflows of $46.5M.
4. Whale Investments Affecting the Market
Mastercard is in advanced talks to acquire cryptocurrency infrastructure company ZeroHash, in a deal valued at between $1.5 billion and $2 billion.
5. Projects for Developing the Market Ondo has tokenized over 100 US stocks and ETFs on the BNB Chain, providing the PancakeSwap connection to 3.4 million daily users with direct access to Wall Street assets. A new exchange-traded fund (ETF) called $HYPE has been launched by 21Shares, and Bitwise's Solana Staking ETF has seen "tremendous" trading volume on its second day, reaching $72 million. Indonesia’s central bank is planning to issue a stablecoin backed by the country’s “bonds,” which will be pegged to the country’s central bank’s digital currency (CBDC).
Evernorth has announced plans to exchange $XRP for corporate bonds worth up to $1 billion.
According to Token Terminal, Ethereum L1 transaction and active address volumes have reached all-time highs, while gas fees remain close to their lowest levels. 6. AI and Web 3.0
According to Reuters, OpenAI is getting ready for an IPO that could be worth more than $1 trillion and be one of the largest public offerings ever. 7. Technology for Blockchain A new digital asset platform called "Haven" has been unveiled by International Business Machines Corporation (IBM) to assist governments and banks in managing tokenization infrastructure and digital assets.
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