📢 Cryptocurrency Market Overview 📢

12 July

Market Metrics:

🔻Market Cap: $2.11 trillion (-1.41%)

🔻BTC Dominance: 53.44% (-0.08%)

🔺Fear and Greed Index: 40 (fear)

Key Events:

Compound (COMP): Jayson Hobby launched a new DeFi protocol, Legendı.

US Producer Price Index (PPI):

Disclosed: 0.2%

Expectation: 0.1%

Previous: -0.2%

🟢Stock Market Opening:

S&P 500: +0.22%

Nasdaq: +0.16%

Dow Jones: +0.10%

------Additional Insight------

🔴 Ethereum Activity: Increased network activity and higher gas fees.

🔴Regulatory Developments: Stricter global regulations on crypto trading and DeFi.

🔴Emerging Trends: Growth in NFTs, especially in gaming and digital art.

#Ethereum_ETFs_Expected_Date #VanEck_SOL_ETFS #SOFR_Spike