🚀 **Hot Crypto Update! 📉**

🌐 Global Market Update:

Despite softer-than-expected inflation data, major crypto tokens are in the red. The global crypto market cap dropped 2.3% to $1.37 trillion in the last 24 hours.

💰 Market Stats:

- Bitcoin: -3.1% at $35,562

- Ethereum: -3.9% at $1,980

- Altcoins like XRP and Toncoin: -5% and -4% respectively

- DeFi volume: $6.98 billion (10.78% of total 24-hour volume)

- Stablecoins volume: $57.47 billion (88.74% of total 24-hour volume)

📈 Expert Insights:

"The crypto market shows a healthy correction. BTC at $35.4k, next support at $33.5k. Maintaining that keeps us in a good uptrend," says Shubham Hudda, Senior Manager at CoinSwitch Markets Desk.

🌍 Global Adoption:

Despite China's crypto stance, Boyaa invests $100 million in Bitcoin and Ethereum. Standard Chartered predicts BTC to hit $120,000, citing miners' profitability and a 2024 halving event.

🚀 Potential Catalysts:

- Positive BTC indicators

- Potential ETF approval

- BlackRock's Ethereum ETF filing

📊 Market Metrics:

- BTC market cap: $695 billion

- BTC dominance: 50.72%

- BTC volume surged 29.8% to $23.84 billion in the last 24 hours.

📰 Source: [economictimes]

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