March 4, 2024

EXMO company blog | Weekly news: BTC and altcoins hit highs again

EXMO company blog | Weekly news: BTC and altcoins hit highs again

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News of the week - a source of information about key events in the crypto market.

Crypto market capitalization 9November came close to the $ 3 trillion mark</strong>, according to CoinMarketCap. Thus, since the beginning of the year, the market has grown almost 4 times.

From November 5 to 7, there was a gradual decrease in daily trading volumes from $ 140 million to $ 86 million.Then the market picked up again - trading volumes increased to $143 million on November 9 and 10.

The cryptocurrency index of fear and greed continues to hold in the "Greed" zone.On November 9, it reached 84 points, entering the “Extreme Greed” zone, but on the 10th it dropped to 75 points.

The dominance of bitcoin remains at about the same level, despite the active growth of altcoins.On November 10, the figure was 43.35%, the same as a week ago, according to CoinMarketCap. Ether's dominance decreased by 0.39% over the week to 19.25%.

EXMO company blog | Weekly news: BTC and altcoins hit highs again

TOP factors of market movement

▲ November 3, 2021 – American investment bank Morgan Stanley has published a guide to the crypto market for its wealthiest clients.

▲ 11/08/2021 - The Dogecoin network has been updated to reduce transaction fees.

▲ 11/08/2021 - Santiment: large Bitcoin holders have increased their investments in the first cryptocurrency over the past five days, having bought 43 thousand BTC.

▲ 11/08/2021 - Spanish bank Santander is in the final stages of preparing to launch a Bitcoin ETF.

▲ 11/08/2021 – The price of ether updated its ATH amid an outbreak of coin activity.

▲ 11/8/2021 - CoinShares: Bitcoin fund inflow continues for eighth straight week. During this period, it amounted to $ 2.8 billion

▲ 11/09/2021 - Mastercard will launch Bitcoin-linked payment cards in the Asia-Pacific region.

▲ 11/9/2021 - Amazon has partnered with PayPal and its Venmo service, which supports payments in BTC, ETH, LTC and BCH.

▲ 11/09/2021 - Apple CEO Tim Cook revealed that he personally owns the cryptocurrency. At the same time, he stressed that there is no talk of Apple's investment in digital assets.

EXMO news

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This is a brief summary of the main crypto news of the week. Follow the link to read the full version of the weekly crypto market review.