The global cryptocurrency market’s total valuation currently stands at $3.08 trillion, reflecting a decline of approximately 2.35% over the past 24 hours, according to CoinMarketCap. Bitcoin’s price fluctuated between $89,390 and $94,476 in the last 24 hours and is presently trading at $90,421, marking a 2.23% decrease. Major cryptocurrencies exhibit mixed trends, with Luna, LRC, and MDT experiencing significant gains of 42%, 23%, and 9%, respectively. Recent financial and political developments have influenced the crypto market. The Federal Reserve has reduced its benchmark interest rate for the third consecutive time, resulting in a rise in gold prices. Additionally, XRP transaction fees have dropped to their lowest level since December 2020. The U.S. government has intensified oversight and regulation of digital assets, issuing new warnings. Leading cryptocurrencies such as Ethereum, Binance Coin, Solana, Dogecoin, and Cardano have shown varying degrees of price decline, while some coins like Tron display slight positive momentum. Regionally, wealthy investors in Asia are increasingly planning to expand their cryptocurrency investments, underscoring the market’s global significance. Furthermore, the CBOE has approved the listing of the 21Shares XRP ETF, marking a significant step toward legal and financial acceptance of crypto assets. These developments and evolving financial policies are likely to profoundly impact market trends and investment opportunities in the coming days, warranting caution from investors.
Source: binance
