Report on the Complete Cryptocurrency Market for October 17, 2024

in #priceofbitcoin • last month

Overview of the Market
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Despite regulatory obstacles, the cryptocurrency sector has steadily grown to a total valuation of $1.15 trillion. With a 54% market share, Bitcoin leads the pack, followed by Ethereum and Binance Coin. Notable increases have been made by altcoins like XRP and Solana.

Leading Cryptocurrencies

Bitcoin (BTC): $31,300 in addition to 2.1%
Bitcoin (ETH): $1,870 (up 1.8%).
BNB: $248 (-0.5%)
XRP: $0.58 (up 1.2%).
$30.20 (+3.9%) for Solana (SOL)
Chainlink (LINK) Key Movers: +12.8%
MATIC polygon: -5.7%

Market and Regulatory Trends

US: The SEC has not yet released advice on crypto rules.
Europe: The market is being shaped by MiCA legislation.
Asia: Hong Kong is becoming a center for cryptocurrency.
NFTs & DeFi
TVL at $49 billion, DeFi.
NFTs: Slow growth, with an emphasis on games and art.

Conclusion: Future developments are driven by institutional adoption and regulatory choices, and the industry is still robust.

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