The 2024 US elections, which elected Donald Trump, drove the global crypto market to $2.47 trillion, confirming a foray into the ‘greed’ zone. Dominant player, Bitcoin (BTC), marked the day for hitting its new all-time high (ATH) — the ATH Day as celebrated by the community. On this ATH Day,
The global crypto market cap surged to $2.47 trillion, marking an 8.11% increase in the last 24 hours. Total crypto market volume soared to $165.48 billion, reflecting a significant 95.70% surge in trading activity. DeFi’s share of this volume stood at $6.62 billion, accounting for 4.00% of the total crypto
As the cryptocurrency market grapples with uncertainty surrounding the U.S. presidential election, Ethereum (ETH) has experienced significant downward pressure. Currently trading at approximately $2,443, ETH has seen a 0.73% decline in the past 24 hours and a steep 7% drop over the last week. Despite a slight recovery in total
Solana (SOL) is riding a wave of growth, achieving its highest-ever monthly active address count in October. The network recorded over 123 million active addresses, marking a 42% increase from September. This surge highlights a striking rise in user engagement, up from just 12.7 million active addresses in January. Fueling
The cryptocurrency market has reverted to the month-beginning lull similar to previous cycles. After a brief attempt on Saturday to overcome price consolidation, the market hasn’t shown much action in the last 24 hours. Meanwhile, the US crypto landscape is awaiting intriguing actions as external factors stand lined up that
The global crypto market pendulum has hit an early swing to market revival after this month’s initial drop. Meanwhile, in an interesting turn of events, stablecoin issuer, Tether has announced the launch of its Dirham-pegged stablecoin soon. With such updates, the digital asset space has shown a spur of activity
The cryptocurrency exchange M2, regulated as a Multilateral Trading Facility (MTF) and Custodian by the Financial Services Regulatory Authority (FSRA) hacked, resulting in a loss of $13 million from its hot wallets. The exchange, M2 operates on Ethereum, Bitcoin, and Solana. The hackers targeted M2’s hot wallets connected to the
UBS Asset Management is making waves in the digital finance world by launching its first-ever tokenized money market fund, the UBS USD Money Market Investment Fund Token (uMINT), starting in Singapore. This innovative fund, built on Ethereum’s distributed ledger technology, aims to provide investors with a secure and efficient cash
The global cryptocurrency market cap currently stands at $2.28 trillion, reflecting a 5.96% drop in the last 24 hours. This decline may be partly driven by shifts in the U.S. election predictions, as recent data shows that the odds of Trump winning have dropped to 2.8%. This adjustment in election
As another month ends, the crypto market’s speculations have begun to turn into reality. Uptober has begun its upward rally, as evidenced by Bitcoin’s current $72K trading levels. Moreover, other altcoins have also followed in on the rally hitting new trading levels and YTD (year-to-date) increases. Meanwhile, the leading altcoin
