Welcome to the latest market news, the topics we will be discussing include, crypto, blockchain, Defi, Cefi, NFT, Ai, Web 3.0, and the global economy in general.
Every day, you'll find articles here about the most recent happenings in the global economy and cryptocurrency, such as shifts in the market, new government regulations for cryptocurrency, bank adoption of cryptocurrency, new cryptocurrency projects, and advancements in blockchain technology. 1. Situation of the Market as a Whole * The total market cap is currently $3.80 trillion, while the total market volume traded in the last 24 hours is 160.81 billion. • Market Dominance is currently held by Bitcoin with a 59.1% market share while Altcoins hold a 43.91% market share
* Altcoin Season Index is at 25%, indicating that altcoins are gaining traction
* The Fear and Greed index is 36%, indicating a decline in investor sentiment. * Stablecoins such as USDT and USDC continue to play a significant role in the cryptocurrency market. USDT currently has a market capitalization of $100.10 billion, while USDC only has a $12 billion market capitalization. * Top 10 Coins in the market 1 Bitcoin (BTC) is the most valuable digital currency and Crypto currency with a current value of $113,670.21
1. Ethereum (ETH)
is the second most valuable digital currency and has the most powerful Blockchain Crypto currency with a current value of $4,76.89
2. Tether (USDT)
is a stable cryptocurrency that combines fiat and cryptocurrencies but is not traded for $1. 3. Binance Coin (BNB) is a coin that can be used to pay for platform services. Binance owns the coin. The price right now is $1130.10. 4. Ripple (XRP) - is a coin owned by Ripple and is used for international money transfers at a fast and low price. The price right now is $2.63. 5. Solana (SOL) - is a popular coin among digital currencies in Crypto and has the most popular Blockchain in Crypto. Its current price is $198.91.
6. After Circe
Circle (USDC) is the most valuable stable cryptocurrency. Its price does not change at $1.
7. Doge-coin (DOGE) -
is the most popular Crypto memeo-coin and is used for the most investments. Its current price is $0.2004.
8. Tron (TRX) - the fastest-growing blockchain cryptocurrency, currently trading at $0.30
9. Cardano (ADA),
a cryptocurrency based on a well-known blockchain that is currently trading at $0.67, is a highly valued and highly invested cryptocurrency. 2. Market Regulation and Policy * Many countries are focusing on regulating stablecoins to ensure the security of the financial system.
* Major banks have been advised to exercise caution when dealing with crypto.
* Some financial institutions are warning about the risks of unregulated crypto use.
3. ETFs & Institutional Investment
* JPMorgan says it is ready to allow the use of “Bitcoin and Ethereum”.
* Rather than directly purchasing coins, large investors are increasingly interested in crypto ETFs. * The crypto ETF market is very active, with new investments made this week.
* Spot Bitcoin ETFs reported ~$446 million in inflows this week, indicating increased confidence.
* Strong inflows of $243.9 million were removed from Spot Ethereum ETFs last week. 4. To Be Introduced New Coins * EVAA Protocol (EVAA) — a token for lending and borrowing based on the TON network.
* Bitcoin Hyper (HYPER) — a presale token based on Solana, aiming to be an advanced Layer-2 for Bitcoin.
* AlphaPepe (ALPE) is a brand-new meme-token available for active presale on the BNB Chain. 5. Whale Investments Affecting the Market
* Large investors known as whales are being cautious and have stopped purchasing large quantities. * Whale activity is directly linked to the actions of large financial institutions.
* The market downturn has shown that whales play a major role in the stability of DeFi. Emerging Market Projects
* Web3, GameFi, and AI-Blockchain projects are expanding and growing.
* New projects are focusing on interoperability — connecting different blockchains.
* New projects are expected to hit the market in the coming months.
7. Blockchain Technology
* Blockchain bridges have become increasingly popular and facilitate the transfer of different crypto assets.
* Blockchain app development has been made simpler by significant updates to development tools like APIs and SDKs. 8. AI & Web 3.0
* The convergence of AI and Web3 is becoming more noticeable, with artificial intelligence being used to drive blockchain decision-making.
* Web3 wallets have added new features such as alerts
* People are trading their data for crypto on new "decentralized AI" markets. 9. NFT & DeFi
* DeFi has seen its usage increase even during market downturns, showing that the system is gaining strength.
* To increase user engagement, new NFT platforms are introducing games and membership systems.
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