The strong outflows from spot Ethereum ETFs also contributed to the downward market pressure.
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| The global crypto market cap is $2.32 trillion, with a 24-hour volume of $89.22 billion. The price of Bitcoin is $64,578.75, and BTC market dominance is 55.1%. The price of Ethereum is $3,133.56, and ETH market dominance is 16.3%. The best-performing sector is Masternode, which gained 18%. The Crypto Fear & Greed Index is currently Greed (68). LATEST SLATECAST 🎙️Revolutionizing Health: CUDIS Ring Combines Fashion, AI, and Blockchain
The strong outflows from spot Ethereum ETFs also contributed to the downward market pressure. The bill, which was first introduced a few years ago, is expected to take effect on Sept. 1, pending final approval from the federation. The firm's bull case projects Bitcoin could reach a staggering $52.4 million per coin by 2050.
Integration of traditional finance and the digital asset ecosystem
CryptoSlate's latest market report dives deep into key quantitative metrics that show the operational and economic conditions of Bitcoin mining. | |
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