HONG KONG TO TIGHTEN CRYPTO REDULATIONS FURTHER

@newsontheblockchain, 12/08/2024

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Daily quote:

“Even in financial markets, the concept of market efficiency does not hold.” - Paul Ormerod

Daily market overview:

The global cryptocurrency market cap stands at $2.06 trillion, reflecting a 4.22% decline in the past 24 hours. In the same period, the total market volume surged by 60.62% to $65.36 billion. DeFi (Decentralized Finance) accounts for $3.22 billion, representing 4.93% of the total 24-hour crypto market volume. Meanwhile, stablecoins contribute $60.03 billion, making up 91.85% of the market's daily trading volume.

Bitcoin’s market dominance is at 55.91%, down by 0.32% from yesterday.

1. General Market:

- Bitcoin (BTC): Price: $58,594.81 | 24h: +4.15% | Volume: $28.07B

- Ethereum (ETH): Price: $2,629.34 | 24h: +2.10% | Volume: $15.91B

- Tether (USDT): Price: $1.00 | 24h: +0.01% | Volume: $49.77B

- BNB (BNB): Price: $510.07 | 24h: +3.87% | Volume: $1.65B

- Solana (SOL): Price: $145.98 | 24h: +6.30% | Volume: $3.00B

2. Decentralized Finance (DeFi):

- Uniswap (UNI): Price: $6.07 | 24h: +2.18% | Volume: $230.4M

- Aave (AAVE): Price: $94.47 | 24h: +3.89% | Volume: $144.3M

- Maker (MKR): Price: $1,942.21 | 24h: +1.54% | Volume: $105.9M

- Compound (COMP): Price: $207.36 | 24h: +4.24% | Volume: $79.3M

- Synthetix (SNX): Price: $11.03 | 24h: +2.76% | Volume: $71.2M

3. NFTs/Metaverse:

- Decentraland (MANA): Price: $0.79 | 24h: +2.56% | Volume: $148.9M

- The Sandbox (SAND): Price: $0.26 | 24h: +3.41% | Volume: $138.7M

- Axie Infinity (AXS): Price: $4.62 | 24h: +4.12% | Volume: $127.8M

- Gala (GALA): Price: $0.02 | 24h: +3.87% | Volume: $98.6M

- Enjin Coin (ENJ): Price: $0.23 | 24h: +3.12% | Volume: $77.4M

4. Stablecoins:

- USD Coin (USDC): Price: $0.9998 | 24h: +0.02% | Volume: $5.64B

- Dai (DAI): Price: $1.00 | 24h: +0.01% | Volume: $1.67B

- TrueUSD (TUSD): Price: $1.00 | 24h: +0.01% | Volume: $1.23B

- Pax Dollar (USDP): Price: $1.00 | 24h: +0.01% | Volume: $880.5M

- Binance USD (BUSD): Price: $1.00 | 24h: +0.01% | Volume: $750.2M

5. Meme Coins:

- Dogecoin (DOGE): Price: $0.1042 | 24h: +4.23% | Volume: $645.0M

- Shiba Inu (SHIB): Price: $0.00001369 | 24h: +4.23% | Volume: $224.0M

- Pepe (PEPE): Price: $0.00 | 24h: +3.41% | Volume: $178.3M

- Floki (FLOKI): Price: $0.00 | 24h: +2.87% | Volume: $150.4M

- Bonk (BONK): Price: $0.00 | 24h: +3.12% | Volume: $115.7M

Heat Map:

Fear and Greed Index:

News for today:

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.