According to a report by CoinGecko in the third quarter of 2023, the total market value of cryptocurrencies in the third quarter of this year decreased by 10% compared to the previous quarter, totaling 119 billion US dollars. The spot trading volume of centralized exchanges during this period decreased by 20.1%, and the market value of major stablecoins also decreased significantly. CoinGecko stated that USDC decreased by 2.26 billion US dollars, and BUSD had the largest decline, with a decrease of 45.3%, or 1.87 billion US dollars.
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CoinGecko: Total crypto market capitalization fell 10% in Q3 compared to Q2
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German parliament passes Financial Market Digitalization Act
According to a report by Ledger Insights, the German parliament (Bundestag) has passed the "Financial Market Digitalization Act" (Finanzmarktdigitalisierungsgesetz or FinmadiG) this week. The parliament responded to industry demands to ensure legislation is in place before MiCAR comes into full effect on December 30th. -
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State of Cardano Q3 2024
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Altcoins have felt the sting, too. Ethereum was down 16% over a 24-hour period at one point, with XRP plunging 18% and Dogecoin 26%.
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The final value of the US one-year inflation rate in November is expected to be 2.6%, the expected value is 2.7%, and the previous value is 2.60%
the expected final value of the US one-year inflation rate in November is 2.6%, with an expected value of 2.7% and a previous value of 2.60%. The expected final value of the US five-to-ten-year inflation rate in November is 3.2%, with an expected value of 3.1% and a previous value of 3.10%. -
U.S. stocks open, most crypto stocks open lower
the US stock market opened with the Dow Jones up 0.19%, the S&P 500 up 0.05%, and the Nasdaq up 0.01%. Most cryptocurrency stocks opened lower, with Coinbase (COIN.O) down 0.06%, MicroStrategy (MSTR.O) up 0.4%, and Riot Platforms (RIOT.O) down 2.6%. Previously, Bitcoin had risen above $99,000 before falling back.
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