The cryptocurrency market has experienced a rebound, with Bitcoin approaching $60,000 and Ethereum maintaining its position above $3,000. The total market capitalization of the cryptocurrency market has risen by 3.60% to reach $2.35 trillion.
The Fear and Greed Index has increased by 5 points, indicating a potential buying opportunity after widespread panic selling. In terms of specific cryptocurrencies, Bitcoin has seen a 4% increase in price, while altcoins like Ethereum, Dogecoin, Ripple, Solana, and Litecoin have also seen gains.
Arweave has emerged as the top gainer, surging over 21%, while Cosmos has experienced a 1% dip, making it the biggest loser. The total volume of the crypto market has decreased by 32.45% to $71.74 billion in the last 24 hours.
In other news, the US Non-Farm Payroll report is expected to influence the Federal Reserve’s future monetary policy decisions, and there is ongoing speculation about the approval of Bitcoin ETF options by the SEC.
MicroStrategy’s Michael Saylor has expressed doubts about SEC approval for a spot Ethereum ETF and has labeled Ethereum a security. Tether has partnered with Chainalysis to enhance surveillance on USDT transactions, aiming to prevent illegal activities and sanctions violations.
There are also legal developments involving Ryan Salame, the former co-CEO of FTX Digital Markets, who has agreed to transfer his property as part of a plea deal.
Source: COINGABBAR
