In today's CryptoSlate daily newsletter, we highlight key developments in the crypto world. Polymarket's accurate prediction of Donald Trump's victory reveals gaps in traditional media and polling, showcasing the strength of decentralized markets. Bitcoin is poised for further upside, with profit volumes significantly outpacing losses, according to Glassnode. Following Trump's win, BlackRock's IBIT spot Bitcoin ETF achieved an impressive $1 billion in trading volume within just 20 minutes. Meanwhile, JPMorgan is set to enhance transactions with instant euro-dollar conversions on its blockchain using JPM Coin, which already processes $2 billion daily. Stay tuned for more insights!
The global crypto market cap is $2.54 trillion, with a 24-hour volume of $141.58 billion. The price of Bitcoin is $75,725.44, and BTC market dominance is 59.0%. The price of Ethereum is $2,830.62, and ETH market dominance is 13.4%. The best-performing sector is Staking, which gained 11%. The Crypto Fear & Greed Index is currently Greed (77).
Polymarket's swift Trump prediction showcases the dynamic efficiency of decentralized markets over established media.
Profit volumes in Bitcoin addresses are 47 higher than losses, while options show record in open interest levels.
BlackRock's IBIT spot Bitcoin ETF hit $1 billion in trading volume within 20 minutes of trading on the day after Trump won the elections.
The settlement operations will use the bank's token JPM Coin, which already helps to process $2 billion in daily transactions.
Justin Sun highlights TRON's vision for a decentralized ecosystem with major Chainlink engagement and evolving blockchain initiatives.
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