The global cryptocurrency market capitalization has reached approximately $2.34 trillion, marking a 2.09% increase over the past 24 hours, according to CoinMarketCap data. Bitcoin (BTC) traded between $66,280 and $68,318 in the last day and is currently priced at $68,541, reflecting a gain of over 2%. Other major cryptocurrencies such as SXP, ALLO, and ESP have also shown notable performance, with price increases of 34%, 25%, and 25% respectively. Despite the announcement of a new 10% tax by the U.S. administration, Bitcoin’s price has remained stable and even risen. Conversely, there is an ongoing trend of capital outflows from ETFs, suggesting a possible revaluation of market risk. Investors and analysts are closely monitoring whether these developments will influence the overall direction of the crypto market.
In addition to Bitcoin, slight price gains have been observed in Ethereum, Binance Coin, and other prominent cryptocurrencies. Ethereum’s recent supply increase coupled with a positive inflation rate has fostered a favorable market sentiment. Meanwhile, the U.S. Securities and Exchange Commission has indicated potential regulatory easing for stablecoins, which could enhance market stability. Global trade tensions and geopolitical factors are also impacting cryptocurrency prices. Rising military tensions with Iran and the U.S. warning period have led to cautious investor behavior. Furthermore, Nvidia’s investment plans in OpenAI highlight significant technological and crypto investment shifts.
Overall, the cryptocurrency market is entering a delicate phase influenced by global economic policies, trade taxes, and political tensions, all affecting price trends and investment patterns. Investors are advised to carefully assess the current market conditions before making decisions.
Source: binance
