On Sunday morning Eastern Time (ET), bitcoin’s trading value hovers slightly over the $ 37,000 mark per unit, peaking at $ 37,294 for the day. There’s a slight dip in BTC trading volume over the weekend compared to the previous weekday, totaling $ 10.76 billion of the crypto economy’s $ 67.15 …
Stablecoin Market Navigates Shifting Sands as Tether Announces New CEO and USDR Depegs
The stablecoin landscape has been stagnant for the last two months, barely exceeding $ 123 billion as we approach the third week of October. Even though fiat-pegged token trading saw a spike this week, on October 13, stablecoin transactions made up 22.96% of the global crypto economy’s trade volume. Just a day earlier, they …
Defi Sector Navigates an Extended Crypto Winter: TVL Dips to February 2021 Levels
The realm of decentralized finance (defi) is grappling with the aftermath of the sweeping crypto market slump that marked the close of August. As it stands, the total value locked (TVL) in defi, pegged at $ 37.59 billion, has plummeted to a low last witnessed in the second week of February 2021. Crypto Winter’s …