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.
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. The general state of the market The total market cap has increased by 1.59% to $3.7 trillion at the moment. A measure of investor sentiment called the Fear and Greed index shows that it is 31%, indicating that market sentiment is fear-based. Over $567.56 million was lost in the market in the past 24 hours, with $440.66 million coming from long positions. Bitcoin (BTC): Today, the trading price increased by 1.85% to $109,892. Ethereum (ETH): The price of Ethereum, which is currently $3,853.45, has increased by 1.89 percent in the past 24 hours. XRP: Its market price is $2.50 at the moment, having increased by approximately 1.35 percent. BNB: This coin's price is $1,081.22, down 0.18 percent in the last 24 hours. Solana: The price of Sol Coin, which is currently trading at $187.72, is up 0.65 percent today. 2. Policy and Regulation of the Market Despite the ongoing government shutdown caused by a lack of funding to operate it, senators in the United States are moving forward with a bipartisan bill to reform the cryptocurrency market. 3. ETFs and Institutional Investment
On October 30, another round of divestments occurred in the $BTC and $ETH spot ETFs, with Bitcoin losing $488.4 million and Ethereum losing $184.2 million. In the meantime, the $SOL spot ETF got $155 million in new money. ETFs, according to an analyst, will be the next step in attracting financial institutions interested in participating in altcoins. $ETH ETFs attracted $9.6 billion in new investment in the third quarter of this year (Q3), surpassing $BTC which gained $8.7 billion.
4. The Market
Is Affected by Whale Investments Bitmine bought 44,036 $ETH worth $166 million as market prices fell.
In the third quarter of this year, Coinbase added 2,772 $BTC to its Bitcoin holdings. Today, BlackRock invested $122 million in ETH and $384 million in BTC in Coinbase. 5. Projects for New Markets Revolut's 65 million users now have access to a 1:1 USD to stablecoin exchange service that uses six Revolut-approved blockchains to allow them to convert USDC and USDT directly to regular dollars. 6. 3.0 AI and the Web AI (artificial intelligence) is expected to receive nearly $400 billion from big tech companies this year, but company leaders believe this is not yet sufficient. To support the development of AI, Microsoft, Meta Platforms, and Amazon are increasing spending by expanding their data centers and infrastructure. 7. Technology for Blockchain Cryptolink, a crypto ATM operator, has been fined by AUSTRAC, Australia's financial intelligence regulator, for failing to implement anti-money laundering (AML) controls. The move signals the beginning of a more comprehensive examination of digital assets ahead of the new licensing system. 8. Crypto data breach
Using Tornado Cash, hackers associated with Radiant Capital transferred 5,411.8 ETH, or $20.7 million.
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