The global crypto market cap has soared to a whopping $2.8 trillion, marking a 2.06% increase in just one day. Bitcoin (BTC) has been dancing between $78,473 and $81,847 in the last 24 hours, currently hitting $81,395 as of 09:30 AM (UTC) today, showing a 2.59% rise.
It's a mixed bag for major cryptocurrencies by market cap, but keep an eye on SNT, VTHO, and TLM as they shine bright with gains of 42%, 21%, and 20%, respectively.
In the headlines today:
- Memecoins on Binance are thriving, especially NEIRO with a jaw-dropping 7,594% surge.
- Bitcoin's climb to $80K is fueled by institutional demand, not retail FOMO, according to Cameron Winklevoss.
- Bitcoin ETF inflows are on the rise post-U.S. election results.
- Brace yourself for new Spot Cryptocurrency ETF applications expected this week.
- The Dollar Index hits its peak since July, with digital asset investments skyrocketing post-U.S. election.
- Long-term Bitcoin holders are cashing in at levels not seen since July 2024.
- Matrixport's report hints at potential changes in U.S. crypto regulation, while Cathie Wood predicts an economic boost with regulatory shifts.
- The Bank of Japan contemplates future rate hikes following the U.S. economic assessment.
Market movers:
- ETH: $3160.96 (-0.99%)
- SOL: $210.48 (+2.09%)
- BNB: $620.81 (-2.37%)
- DOGE: $0.27627 (+17.19%)
- XRP: $0.5799 (-1.13%)
- ADA: $0.5783 (-1.62%)
Stay tuned for more market updates! 📈
