Despite a ban on crypto, China holds 55% of Bitcoin hashrate, with US mining pools coming in second with a 40% share.
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| The global crypto market cap is $2.22 trillion, with a 24-hour volume of $69.72 billion. The price of Bitcoin is $63,239.76, and BTC market dominance is 56.3%. The price of Ethereum is $2,617.62, and ETH market dominance is 14.2%. The best-performing sector is eCommerce, which gained 6%. The Crypto Fear & Greed Index is currently Neutral (54). Despite a ban on crypto, China holds 55% of Bitcoin hashrate, with US mining pools coming in second with a 40% share. Telegram's new policy aims to address criticism from authorities over unresponsiveness in criminal cases. The recent rally is likely driven by derivatives trading, which might prompt a consolidation period without significant spot volume.
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