Blockchain Bites: Crypto Market Cap Drops Below $1T as Dollar Gains
Also: Bakkt will go public through a SPAC merger, JPMorgan weighs in on a bitcoin ETF and Dan Larimer is leaving EOS-incubator Block.one.
Related News
This special edition of Blockchain Bites covers everything you need to know from invest: ethereum economy and the news from elsewhere in the cryptoverse.
MakerDAO has voted not to compensate victims of the "Black Thursday" flash crash, a former Pantera partner is launching a new crypto-focused fund and bitcoin may be headed to the doldrums as the U.S. dollar rises.
PayPal has entered the cryptocurrency market, another publicly traded firm will buy bitcoin and Bahama unveiled its dollar-pegged CBDC.
Digital currency markets have seen some significant gains on Monday as the entire market capitalization of all 8,500+ cryptocurrencies in existence has jumped a few percentages. Bitcoin’s price has spiked a touch over 1.5%, but a number of other coins have seen much larger gains during Monday’s trading sessions. Market aggregators show the crypto economy’s overall valuation is steadily approaching the $2 trillion handle. Crypto-Economy Jumps 3% and Nears $2 Trillion in Valuation Crypto assets have seen their values jump northbound on Monday as the entire crypto-economy....
Today, Bitcoin has experienced one of its deadliest single-day drops on record in terms of dollar amount moved. And the reason behind it could be the greenback itself. Dollar sentiment is at extreme lows and crypto market exuberance is sky high – could it be time for a reversal in each asset or at the […]