The global cryptocurrency market cap currently stands at $2.81 trillion, showing a noticeable increase of 3.03% within the last day as per the latest figures. Bitcoin (BTC) has experienced fluctuations between $83,655 and $86,532 over the past 24 hours. As of 09:30 AM (UTC) today, BTC's trading value is at $84,123, reflecting a decline of -2.14%. In the broader market, the performance of major cryptocurrencies is mixed.
Notably, ORCA, FARM, and ZRO are the standout performers, surging by impressive rates of 132%, 39%, and 26%, respectively. Several significant narratives have emerged today: - Australia is set to unveil cryptocurrency regulations by 2025, a move that may reshape the landscape for digital assets in the region. - Recent insights indicate that the Bitcoin Bull Market Index has plummeted to a two-year low, hinting at potential bearish trends in the market. - The SEC has confirmed the application for 21Shares Polkadot Spot ETF, marking a pivotal moment for regulated cryptocurrency investments. - In clarifications regarding PoW mining status, the SEC seems to be paving the way for the approval of altcoin ETFs. - The NYSE has proposed an Ethereum ETF staking plan to the SEC, which could broaden the investment opportunities for Ethereum holders. - Challenges in regulation have been highlighted as impacting the demand for Ethereum ETFs, according to statements from a BlackRock executive. - TRON's founder has announced the forthcoming launch of a TRX ETF, which is expected to generate excitement among TRON investors. - A recent application for a PENGU ETF has been filed with the SEC by Canary, potentially introducing a new player in the ETF space. - Donald Trump has voiced support for simplified stablecoin legislation during the Blockworks DAS Conference, emphasizing the importance of clear regulations in the fiscal landscape. - Furthermore, Trump has proclaimed that the U.S.
will lead the charge in crypto and claim the title of the 'undisputed capital' of digital assets. In today's crypto news: Bitcoin options have taken a bullish turn following Powell’s comments on inflation, whereas the sentiment surrounding Ether remains lukewarm. In Bitcoin news, the currency surged beyond $86,000 as Trump advocates for rate cuts, and XRP experienced a rally in the wake of the SEC’s resolution.
The market landscape is characterized by movements as gold prices soar, Bitcoin gains traction, and stocks face challenges post-Trump's election speech, stirring overall market volatility. Furthermore, Bitcoin's price is inching closer to key liquidation thresholds, with $88,000 and $84,000 playing pivotal roles in forming critical price points. Market movers include: - ETH: $1,976.61 (-1.54%) - XRP: $2.4137 (-3.38%) - BNB: $631.09 (-0.30%) - SOL: $128.7 (-3.86%) - ADA: $0.7132 (-2.54%) - DOGE: $0.16826 (-3.53%) - TRX: $0.2339 (+1.96%) - WBTC: $84,050.82 (-2.05%) - TRUMP: $10.92 (-4.21%) - TON: $3.626 (-0.66%) Among the top gainers on Binance, we see: - ORCA/USDT (+132%) - FARM/USDT (+39%) - ZRO/USDT (+26%)..