market
Stablecoin Market Capitalization Exceeds $305 Bln; USDT Controls 60% of Market
The total market capitalization of the global stablecoin market has reached approximately $305.4 billion, continuing to grow amid the widespread adoption of digital dollars in cryptocurrency payments, trading, and decentralized finance.
Cryptocurrency market ends first week of September on uptrend - overview
The cryptocurrency market ends the first week of September on an uptrend after significant volatility at the start of the week: Bitcoin returned above $81,000, Ethereum approached $2,500, and the total market capitalization rose to approximately $2.81 trillion. The main driver of this movement was a shift in expectations regarding the U.S. Federal Reserve’s future monetary policy.
Bitcoin has once again surpassed $80,000 mark amid influx of funds into ETFs and weakening dollar
In late August, Bitcoin once again surpassed the $80,000 mark, posting one of its strongest weekly gains in recent months, but the current move differs from typical cryptocurrency rallies—a significant portion of the demand is coming through regulated exchange-traded funds, and the U.S. government bond market has become one of the main macroeconomic drivers.
Cryptocurrency Market Ends the Week Lower: Bitcoin Drops to $63,000 — Update from Fixygen
As noted by Fixygen, the cryptocurrency market ended the week of July 27–August 1 mostly lower amid the U.S. Federal Reserve’s cautious stance, volatile inflows into exchange-traded funds, and weak earnings from Coinbase, the largest U.S. cryptocurrency exchange.