JPMORGAN SEES A 35% CHANCE OF A U.S. RECESSION THIS YEAR

@newsontheblockchain, 09/08/2024

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Daily quote:

“In our view, derivatives are financial weapons of mass destruction carrying dangers that, while latent are potentially lethal.” - Warren Buffett

Daily market overview:

The global cryptocurrency market capitalization stands at $2.14 trillion, reflecting a 6.18% increase over the past 24 hours. Meanwhile, the total trading volume in the crypto market for the same period is $94.08 billion, showing a 1.88% decrease. Of this, the DeFi sector accounts for $4.21 billion, which is 4.48% of the total 24-hour crypto market volume. Stablecoins make up $85.91 billion, representing 91.32% of the total 24-hour market volume.

Bitcoin's market dominance is at 56.35%, marking a 0.23% rise from the previous day.

Top 5 Coins:

Bitcoin (BTC)

- Price: $61,153.11

- 24h %: +7.17%

- Volume (24h): $43.50B

Ethereum (ETH)

- Price: $2,674.98

- 24h %: +10.53%

- Volume (24h): $22.97B

Tether (USDT)

- Price: $1.00

- 24h %: +0.01%

- Volume (24h): $70.34B

BNB (BNB)

- Price: $510.69

- 24h %: +4.71%

- Volume (24h): $1.74B

Solana (SOL)

- Price: $159.44

- 24h %: +3.03%

- Volume (24h): $4.68B

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.