According to CoinMarketCap estimates, total cryptocurrency capitalization surpassed the $1 trillion mark, up 3.3% on the day.
Bitcoin has gained another 3.3% over the past 24 hours to $20.8k and is up 9% over the past 7 days. Ethereum is growing at a higher rate, reaching $1570 (+5.8% in 24 hours, 21% in 7 days).
Last day, major altcoins rose between 1.5% (DOT) and 21% (DOGE). According to CoinMarketCap estimates, total cryptocurrency capital surpassed $1 trillion, up 3.3% on the day.
Dogecoin has been bought again from Twitter acquisition by Elon Musk. Elon Musk has previously said that coins can be added to pay for services on social networks. However, the recent surge looks like a “Buy Rumors” pattern and it cannot be ruled out that the pump could soon turn into a dump.
Bloomberg stock market strategist Mike McGlone believes the Ethereum network’s successful transition to a proof-of-stake consensus algorithm has laid the foundation for the steady growth of Secondcap’s cryptocurrency.
ProShares’ first US Bitcoin futures ETF lost a record $1.2 billion in investor capital in the first year after launch. It was the worst debut result in the history of the exchange-traded fund industry. Despite this, multiple investors continue to put their faith in BTC. The ProShares Bitcoin ETF has posted net inflows of $87 million over the past six months.
According to the Wall Street Journal, The market capitalization of Andreessen Horowitz, a cryptocurrency venture capital fund, fell by 40% in the first half of the year.
The UK Parliament has voted to amend the Financial Services and Markets Bill to mandate the regulation of cryptocurrencies as financial instruments.
Previous Post
Meta faces a stock decline by 17% due to its quarterly profit is cut in half
Leave a Comment