Current State of Cryptocurrency: Market Insights and Trends
9 months ago

CoinMarketCap data reveals that the global crypto market cap stands at $3.3 trillion, witnessing a 1.88% increase over the past day. Bitcoin (BTC) has fluctuated between $92,848 and $97,208 within the last 24 hours. As of 09:30 AM (UTC) today, BTC is valued at $95,312, reflecting a rise of 1.46%. The performance of many major cryptocurrencies varies, with notable gains in THE, ENS, and AMP, which have surged by 2150%, 45%, and 33%, respectively.

In today’s highlights: - Binance Thailand successfully acquires ISO 27001 and ISO 27701 Certifications, enhancing confidence in the Thai digital asset market. - SOS Ltd has entered the Bitcoin spotlight with a significant $50 million purchase, resulting in a staggering 40% share surge. - 24 Exchange obtains SEC approval for extended trading hours.

- Bitwise has submitted a filing for a 10 Crypto Index Fund ETF with the SEC, showing ongoing institutional interest in the crypto space. - Ripple has invested in Bitwise’s rebranded XRP ETP, facilitating its expansion into the European market. - The bullish trend for Bitcoin (BTC) is expected to persist, according to Galaxy Research, as U.S.

Dollar weakness combined with a rising money supply sets the stage for Bitcoin’s anticipated rally in 2025. - MIAX Exchange joins Nasdaq and NYSE in offering Bitcoin ETF options. - Analysts are suggesting that Ethereum has entered its secondary bull market. On the economic front, U.S. Q3 GDP remains stable at 2.8%, with the Core PCE revised to 2.1%, and jobless claims surpassing expectations.

Market movers today: - ETH: $3622.35 (+6.05%) - SOL: $238.12 (+2.22%) - BNB: $653.95 (+5.69%) - XRP: $1.4618 (+2.47%) - DOGE: $0.4052 (+3.62%) - ADA: $0.9942 (+1.96%) - AVAX: $42.52 (-1.80%) - TRX: $0.2006 (+0.85%) - TON: $6.307 (+0.72%) - SHIB: $0.00002546 (+3.33%).

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