๐ Crypto Market Overview
ใฝ๏ธ Sideways movement continues. However, major altcoins are in the green today. Waiting for Monday to get a clearer picture.
๐ช BTC is trading around โ $95,149
๐ท ETH is hovering around โ $3,403
๐ Top gainer in 24h โ CRV +11.64%
๐ Biggest drop in 24h โ BGB -6.89%
๐ Indicators:
๐จ Fear & Greed Index โ 73
๐ฒ Altseason Index โ 49
๐ Long/Short Ratio โ 49/51
๐ฐ Crypto Market Cap โ $3.25T
๐ BTC Dominance โ 57.79%
๐จ๐พโโ๏ธ Blockchain Association and two other groups have filed a lawsuit against the US IRS to challenge a new rule requiring DeFi brokers to collect and report user information.
๐ BTCโs clean energy usage now exceeds 50%. Elon Musk previously stated Tesla would accept BTC payments again once this threshold was reached.
๐ช BlackRock and MicroStrategy collectively hold nearly 1,000,000 BTC, accounting for 4.7% of total supply.
๐ Analysts predict that the ongoing growth of stablecoins and crypto ETFs will boost crypto asset yields in 2025.
๐ธ๐ป El Salvadorโs national wallet balance has surpassed 6,000 BTC.
๐ฎ Forecast:
With holiday liquidity dropping, the market is moving sideways, fluctuating between $93k - $100k. Letโs see how things play out with the start of the new week.
