Today news
About the same in other media
29.11 - 17:49
Total crypto market cap drops by 6.7%, but futures data finds a silver lining
Reading now: 423
Looking at the past 7-days of winners and losers might give one the impression that cryptocurrency markets are net positive. Still, total market capitalization actually fell by 6.7% to $2.72 trillion as Bitcoin's (BTC) price retraced 8.3% to $58,425.
The only connection between this week's top gainers seems to be the Metaverse and gaming sector, which has been on a bull run since Facebook rebranded to Meta on Oct. 28, signaling its new focus on that segment. Further bullish news backing the current surge in Metaverse-related tokens is Gemini exchange raising $400 million on Nov. 19 to build a decentralized Metaverse.
Gala (GALA) pumped after its Coinbase and Huobi listing on Nov. 16. The utility token powers a decentralized gaming ecosystem
Read more on cointelegraph.comAbout this in other media
Key data points suggest the crypto market’s short-term correction is over cointelegraph.com /2 years ago
Crypto Market Sentiment Dropped Last Week cryptonews.com /2 years ago
Vitalik Buterin proposes calldata limit per block to lower ETH gas costs cointelegraph.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
