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CNBC explores the potential for the US Government to hold Bitcoin as a reserve currency

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News on the Blockchain
July 23, 2024

@newsontheblockchain, 23/07/2024

Confidence in Knowledge. Providing daily news to make sure you're up to date!

Daily quote:

“The stock market is a device for transferring money from the impatient to the patient.” - Warren Buffett

Daily market overview:

The global cryptocurrency market cap is now $2.42 trillion, reflecting a 1.44% decrease in the last 24 hours. The total trading volume over the same period has surged to $93.94 billion, representing a 22.07% increase. DeFi's share of the total 24-hour trading volume is $7.69 billion, making up 8.19%. Stablecoins account for $69.79 billion of the 24-hour trading volume, or 74.29%.

Bitcoin’s market dominance remains steady at 54.26%, with no significant change over the day.

Overall Market:

  1. Bitcoin (BTC): $66,435.11 | 1.76% | $44.72B

  2. Ethereum (ETH): $3,495.74 | 0.24% | $22.76B

  3. Tether (USDT): $1.00 | 0.02% | $58.08B

  4. Binance Coin (BNB): $583.25 | 2.87% | $2.01B

  5. Solana (SOL): $174.71 | 3.37% | $2.89B

DeFi:

  1. Uniswap (UNI): $7.90 | 3.17% | $521.81M

  2. Aave (AAVE): $94.76 | 1.34% | $275.70M

  3. Maker (MKR): $2702.83 | 2.11% | $391.25M

  4. Compound (COMP): $245.33 | 1.09% | $315.69M

  5. Synthetix (SNX): $11.28 | 3.47% | $498.71M

Stablecoins:

  1. Tether (USDT): $1.00 | 0.02% | $58.08B

  2. USD Coin (USDC): $1.00 | 0.03% | $6.59B

  3. Dai (DAI): $1.00 | 0.01% | $1.03B

  4. Binance USD (BUSD): $1.00 | 0.01% | $2.03B

  5. TrueUSD (TUSD): $1.00 | 0.02% | $645.21M

NFTs:

  1. ApeCoin (APE): $4.13 | 2.47% | $68.42M

  2. Decentraland (MANA): $0.67 | 1.98% | $148.31M

  3. The Sandbox (SAND): $0.33 | 2.89% | $101.29M

  4. Axie Infinity (AXS): $6.11 | 1.56% | $45.83M

  5. Enjin Coin (ENJ): $0.47 | 3.15% | $37.92M

Gaming:

  1. Axie Infinity (AXS): $6.11 | 1.56% | $45.83M

  2. Decentraland (MANA): $0.67 | 1.98% | $148.31M

  3. The Sandbox (SAND): $0.33 | 2.89% | $101.29M

  4. Gala (GALA): $0.02 | 2.47% | $68.42M

  5. Immutable (IMX): $1.56 | 3.21% | $49.83M

News for today:

CNBC explores the potential for the US Government to hold BITCOIN as a reserve currency

That’s all for today folks, see you tomorrow. 👋

Disclaimer

The information provided in this overview is based on our data findings and opinions. It is intended for informational purposes only and should not be considered financial advice. Cryptocurrency investments carry significant risk, and it is important to conduct your own research and consult with a qualified financial advisor before making any investment decisions. We are not responsible for any financial losses or gains you may incur as a result of using this information.