December 4, 2021

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

EXMO company blog | Weekly news: cryptocurrency market correction after new highs</p>

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

Cryptocurrency capitalization market for most of the week kept above the $ 2.5 trillion mark. Against the backdrop of a decline on October 27, it fell 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 amid a new price highbitcoin indicator has reached its maximum value in the last 30 days - 84 points, the zone of "Extreme greed". 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) has released a statement on the registration of Bitcoin futures ETFs 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 inflow of investments in funds based on bitcoin 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: Long-term bitcoin holders have cut their balances by almost $ 39,500 over the past two weeks

▲ 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 contest 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 split between the airdrop participants in proportion to the number of tokens that EXMO will receive.

This is a short summary of the top crypto news of the week. Follow the link to read the full version of the weekly cryptocurrency review.

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