Bitcoin’s recent performance showcases its strength in the market, balancing between consolidation and resistance levels, as it continues to dominate the cryptocurrency arena.
Bitcoin (BTC) $37,721.11 1.15%Ethereum (ETH) $2,024.10 2.24%BNB (BNB) $226.91 2.09%XRP (XRP) $0.606284 1.16%Cardano (ADA) $0.383929 0.66%Solana (SOL) $59.34 2.78%Dogecoin (DOGE) $0.080709 0.06%Polkadot (DOT) $5.20 1.42%Shiba Inu (SHIB) $0.000008 1.51%Dai (DAI) $0.997811 0.05%TRON (TRX) $0.103574 0.06%Polygon (MATIC) $0.748047 0.55%Avalanche (AVAX) $20.92 0.84%Uniswap (UNI) $5.99 4.62%Litecoin (LTC) $69.59 0.84%
Amidst an optimistic market trend, Bitcoin and Ethereum demonstrate significant recovery, with broader gains observed across various altcoins, highlighting renewed investor confidence.
Ethereum (ETH) has been exhibiting a bullish pattern, reaching a peak value of $2,041 on November 20, 2023. As the second-largest cryptocurrency by market capitalization, Ethereum’s market cap has climbed to $242.34 billion, with a 24-hour trading volume of $12.07 billion.
In a striking deviation from global trends, South Korean cryptocurrency investors are demonstrating a marked preference for altcoins and locally developed tokens over major cryptocurrencies like Bitcoin and Ethereum.
The cryptocurrency market has witnessed significant shifts, with Bitcoin (BTC) emerging as the dominant player.
In a week marked by significant fluctuations in various financial markets, the Standard & Poor’s 500 Index recorded a modest rise of 0.45%, marking its second consecutive week of gains.
Bitcoin, the pioneering cryptocurrency, has recently seen its market dominance rise to 50%, marking a significant shift in the digital asset landscape.
As the final quarter of 2023 approaches, the cryptocurrency market is rife with speculation and predictions.
Ethereum’s scalability has been a topic of discussion for years, and solutions to this challenge have been eagerly anticipated.
Rui, the investment manager of HashKey Capital, tweeted that as Bitcoin fell from $29,000 to $25,000, the market finally came out of the shock range.
The cryptocurrency analysis platform CCData released the “Stablecoins and CBDC Report”, showing that the total market value of stablecoins continued to decline in August.
According to burn tracker Shibburn, the total number of tokens burned in the 24-hour period increased by 64.77% from the previous day.
Delphi Digital published an article stating that MakerDAO recently increased the DAI savings rate to 8%, and this expansion has had a significant financial impact.
According to The Block, the total stablecoin supply has been declining since mid-2022.
Ethena Labs founder Guy Young said that stablecoins need to focus on liquidity, not decentralization.
David Wells, CEO of Enclave Markets, said that PayPal announced the launch of the stablecoin PYUSD, and it is unclear what direct impact it will have on USDC.
According to Messari’s report, Cardano’s average daily dapp transaction volume increased for the third consecutive quarter, and Dapp usage in the second quarter increased by 49.0% quarter-on-quarter, and the average daily transaction volume remained at 57,900.
The ApeCoin community has launched a new proposal AIP-250 voting, which proposes a new APE token staking solution.
The total staked value of stUSDT has soared to the $450 million mark. Data from the official website shows that the total amount of stUSDT pledged is currently 455,885,279 USDT, breaking through the $450 million mark.
Recently proposed changes to the 2024 National Defense Authorization Act (NDAA) could pose significant challenges for stablecoin issuers, including USDC, according to Berenberg analyst Mark Palmer.
According to data disclosed by Tom Wan, an analyst on 21co, the parent company of 21Shares, the total market value of Ethereum stablecoins has dropped from 100 billion to 76 billion.
According to official news, a few days ago, TRON community developers initiated a proposal to enable the TVM PUSH0 command.
Driven by the potential benefits of the Bitcoin spot ETF, BTC quickly rose to around $30,000, and then experienced three weeks of shocks, failing to break through the previous high many times.
European Central Bank Governing Council Nott said that there are restrictions on the actual regulation of cryptocurrencies, which makes the issue very complicated.
Polygon officially released the white paper on the economic model of Polygon 2.0’s native new token POL.
Solana probably won’t die, but it won’t live the way it used to.
The European Banking Authority (EBA) said on Wednesday that issuers of stablecoins should start preparing for new EU rules, even though they will come into force next June.
Since the LUNA thunderstorm and the Silicon Valley Bank thunderstorm triggered a series of black swan events such as the decoupling of the world’s second largest encrypted stablecoin USDC, the market’s distrust of the concept of stablecoins seems to have reached a threshold.