EXMO company blog | Weekly news: cryptocurrency market correction after new highs

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

Capitalization of cryptocurrencymarket for most of the week kept above the $ 2.5 trillion mark.Against the background of the decline on October 27, it decreased by almost 2% in 7 days, according to CoinMarketCap.

The fall in the price of bitcoin and other cryptocurrencies was accompanied by a significant increase in trading volume.Daily volumes reached nearly $160 billion on October 27, the highest since September 9, according to CoinMarketCap.

The Cryptocurrency Fear and Greed Index maintains its position in the "Greed" zone.October 21 against the background of a new price maximumBitcoin indicator reached its maximum value over the last 30 days – 84 points, the “Extreme Greed” zone. Today it is at the level of 73 points.

The dominance of bitcoin over the week gradually decreased from 47.5% to 44.8%.At the same time, the share of ether increased slightly – from 18% to 19.2%.

TOP factors of market movement

▲ 10.20.2021 – The US Securities and Exchange Commission (SEC) published a statement on the registration of Bitcoin futures ETF from VanEck.

▲ 10/21/2021 - The largest American retailer Walmart has offered customers the opportunity to buy bitcoin at several dozen of their outlets in the United States.

▲ 10/21/2021 - The media began to discuss the possibility of launching an ETF on ether futures in the US. The SEC has two applications for the launch of such products from VanEck and ProShares.

▲ 22.10.2021 - ProShares' Bitcoin futures ETF faced high demand, pushing the company closer to the limit, using 76% of the contracts allowed for purchase on the Chicago Mercantile Exchange (CME).

▲ 10/22/2021 - Valkyrie's Bitcoin ETF has started trading on the Nasdaq.

▲ 10/25/2021 – CoinShares: over the past week, the influx of investments into Bitcoin-based funds amounted to $1.45 billion.

▲ 10/25/2021 - CoinShares: over the past week, the inflow of investments in funds based on cardano amounted to $ 5.3 million.

▲ 10/25/2021 - CNBC: Payment giant Mastercard prepares to announce support for cryptocurrencies.

▲▼ 10/25/2021 – Glassnode: over the past two weeks, long-term Bitcoin holders have reduced their balances by almost 39.5 thousand.

▲ 26.10.2021 - Santiment: The number of addresses interacting on the XRPNetwork increased significantly in October. Analysts note the growing attention to XRP in social networks and expect the asset to grow in the near future.

▲ 10/27/2021 - On October 27, the first Altair update will take place on the Ethereum 2.0 network as part of the transition to the second version of the protocol with the Proof-of-Stake algorithm.

EXMO news

ROOBEE at EXMO: competition with Apple appliances and a new pair with USDT.A competition has started with Roobee, in which you can win Apple gadgets and ROOBEE tokens.

EXMO will support the upcoming Flare Finance airdrop for SGB holders.Tokens will be divided between airdrop participants in proportion to the number of tokens that EXMO receives.

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.