The total market value of cryptocurrency exceeded 2.9 trillion US dollars, and BTC’s market share reached 49.7%
Data shows that the current total market value of cryptocurrencies has exceeded $2.9 trillion, currently at $2.908 trillion, with a 24-hour trading volume of $200.1092 billion. Currently, the market value of BTC is $1.445832 trillion, with a market share of 49.7%, and the market value of ETH is $489.4425 billion, with a market share of 16.8%.
Low volatility and leverage in the options and futures markets suggest recent price increases are being driven by demand in the spot market
The lower volatility and leverage in the options and futures markets suggest that Bitcoin's breakthrough of $70,000 on Friday was more driven by demand in the spot market. Retail investors tend to buy tokens in the spot market rather than using derivatives that help increase leverage. Luke Nolan, research assistant at cryptocurrency asset management company CoinShares, said that the current rise in Bitcoin prices seems to be more driven by the spot market as it is "healthier" and has lower leverage than on Tuesday.
Jiang Fan, deputy to the National People’s Congress, suggested that the virtual currency disposal system involved in the case needs to be improved urgently.
Jiang Fan, a member of the National People's Congress and chairman of the board of directors of Hunan Renhe Law Firm, said in an interview with the Legal Daily that the disposal of virtual currency has become a key and difficult issue in judicial practice. He suggested amending the relevant provisions of the Criminal Procedure Law of the People's Republic of China to further improve the disposal system for virtual currency involved in cases.
Total cryptocurrency market capitalization exceeds $2.7 trillion
Data shows the current total market value of cryptocurrencies has surpassed $2.7 trillion, currently at $2,701,361,885,427, with a 24-hour trading volume of $217,452,172,792. Currently, the market value of BTC is $1,326,937,600,864, and the market value of ETH is $475,196,028,690.
Skybridge founder: Biden’s insistence on rule of law expected to speed up cryptocurrency regulation
Skybridge founder and managing partner Anthony Scaramucci stated that US President Joe Biden has had a positive impact on cryptocurrency and financial markets. Biden's commitment to the rule of law is expected to accelerate cryptocurrency regulation and provide a stable legal framework. While these regulations may not satisfy everyone, clear guidance will provide a solid foundation for legal arguments in court.
The Hungarian Ministry of Economy has proposed a draft law allowing banks to provide encryption services. If approved, it will take effect on June 30
Hungary is promoting a legislative proposal, which was proposed by the Hungarian Ministry of Economy, to establish a digital asset regulatory framework with the Hungarian central bank as the main regulatory agency and support banks, investment funds, and asset management The company can provide Bitcoin and other cryptocurrency services. If this bill is passed, it will be a significant step forward in allowing traditional financial institutions to incorporate encryption services. Once the bill is approved, the relevant laws are expected to take effect on June 30.
Cardano founder backs John Deaton in Senate race
Charles Hoskinson, the founder of Cardano, publicly supported John Deaton in his Senate campaign against Elizabeth Warren, which has sparked optimism among cryptocurrency enthusiasts. Deaton is known for his defense in the Ripple vs. SEC lawsuit and represents a pro-cryptocurrency stance in contrast to Warren's anti-cryptocurrency rhetoric.
The total market value of cryptocurrency exceeded 2.42 trillion US dollars, and BTC’s market share was 50.5%
According to CoinGecko data, the total market value of cryptocurrencies has reached 2.42 trillion US dollars, with a 24-hour decrease of 1%. In addition, BTC has a market share of 50.5%, and ETH has a market share of 17%.
Total cryptocurrency market capitalization exceeds $2.4 trillion
The total market value of cryptocurrency has surpassed 2.4 trillion US dollars, currently at 2,416,302,003,125 US dollars, with a 24-hour trading volume of 155,367,561,909 US dollars. The current market value of BTC is 1,218,836,072,263 US dollars, and the market value of ETH is 410,109,836,041 US dollars.
Cryptocurrency concept stocks rose collectively, Coinbase rose more than 5%
Three major US stock indexes collectively opened lower, with the Dow Jones Industrial Average falling 0.17%, the Nasdaq falling 0.41%, and the S&P 500 falling 0.26%. Bitcoin broke through $60,000, and stocks related to cryptocurrency rose collectively, with MicroStrategy and Canaan Technology rising more than 9%, Marathon Digital rising more than 6%, and Coinbase rising more than 5%. Beyond Meat rose nearly 50%, with fourth-quarter earnings last year exceeding market expectations.
