American offensive against the market for cryptocurrencies There is no ceiling even now International Monetary Fund (IMF) in an attempt to convince other countries to do the same. With the support of the Committee for Financial Stability, the entity plans to issue a document that swill integrate global rules for the use of Bitcoin (BTC) and digital assets.
Despite this news, the crypto ecosystem he opened the week with numbers in green and the market is up 0.9% in the last 24 hours, the site states Coingecko.
“The cryptocurrency market, as a whole, showed slight signs of recovery over the weekend, as many cryptocurrencies witnessed a decent increase in value,” explained Edul Patel, co-founder and CEO of Mudrex Exchange.
In the ranking of the most traded cryptocurrencies, Bitcoin (BTC) He holds the first place. However, this asset fails to break the $24,000 mark it reached in mid-February. Instead, today it is trading at $23,419.16.
This figure represents a growth of 0.9 percent since yesterday, but, as for the week, bitcoin accumulates a a drop of 3.5 percent. In any case, it is not a drastic decline given the context that the star currency had to endure: the supervision of the Federal Reserve (EDF)layoff announcements at major crypto companies and recent IMF restrictions.
for his part, Ethereum (ETH) it also recorded a slight increase compared to yesterday’s price. Currently, the second most relevant currency on the market is located in 1640.64 US dollarswhich represents an increase of 2.4%.
According to information from coinmarketcapboth of you market capitalization as trading volume ETH rose in the last 24 hours. In the first case, by 2.24%; in the second by 14.30%.
Among the main altcoins (alternative tokens to Bitcoin) BNB, the platform’s cryptocurrency Binancequotes on $304.89Cardano (ADA), is located at 0.363467 dollars and Solana (SOL) to $22.81.
Apart from the price of cryptocurrencies, there are other indicators for testing the general state of the market. Among them is “Fear and Greed Index”, which measures the sentiments of investors and major stock exchanges every day.
According to their data, the market is currently in a state “neutral” view; that is to say that traders are not throwing themselves into buying and selling, but they are not paralyzed either. This is a positive sign considering all the stumbles that currencies have faced in the past week.
Source: Cronista
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
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