Highlight on what I feel happening in the crypto market now.
The general crypto market is seeing a mix of ups and downs in its latest movements. Bitcoin has experienced a slight price decrease, currently standing at $65,456.17, marking a 1.26% drop.
Ethereum is also down by 0.84%, with its price at $3,286.67. Conversely, Binance Coin has seen an increase, up by 3.78% at $578.69. Other notable cryptocurrencies like Solana, XRP, and Dogecoin have seen declines in their values, with Solana down by 3.44%, XRP by 3.43%, and Dogecoin by a significant 6.09%.
Cardano and Avalanche have also experienced drops in their prices. Among the news impacting the crypto space, Galaxy is planning to raise $100M for a Crypto Venture Fund, and the U.S. SEC has opened comments for Spot ETH ETFs. Additionally, Wormhole debuts at a $3B valuation in a 617M token airdrop, and Bermuda-Licensed Relm Insurance has unveiled a suite of crypto risk products.
