Today news
About the same in other media
Total crypto market cap drops by 6.7%, but futures data finds a silver lining
Reading now: 955
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
Sizzling cryptocurrencies: Top 6 market cap gainers in a year cnbctv18.com /2 years ago
Crypto Market Sentiment Down for Third Week in a Row cryptonews.com /2 years ago
Securities regulator SEBI to oversee India’s crypto market, report reveals ambcrypto.com /2 years ago
Show more
The website gocryptonft.com 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.
