Crypto Market Rise
Crypto Market bounced after long 5 days of red streaks. After Bitcoin managed to closed above $23,000 on Saturday, it took a bounce that even tore MA21.
Early on Saturday, Solana network infrastructure operators sprang into action to stabilize the faltering blockchain after a technical issue restricted users' ability to transact in cryptocurrencies, transfer assets, and perform any other on-chain actions.
The global cryptocurrency market cap rise by 0.87% to $1.13 trillion in the last 24 hours, according to CoinGabbar data at the time of writing. The total crypto market volume over the last 24 hours was $48.75 billion.
Cryptoquants Derivates shows negative funding rates which means crypto will turn red in the coming hours.
BTC price has rise by 1.69% in the last 24 hours. At the time, BTC was trading at $23,554, and bounce from the $23,059 mark. In the last 7 days, BTC price has fall by 4.39%. Bitcoin (BTC) dominance fall from 40.21% to 40.15% while ETH dominated 21.9% of the total crypto markets.
Top Crypto Prices
Ethereum (ETH): Ethereum price rise by around 2.86% to $1,587 in the last 24 hours. In the last 7 days, ETH price has fall by over 3.08%. It is currently ranked as the 2nd largest crypto asset on CoinGabbar.
Solana (SOL): Solana price rise 3.86% to $23.25 in the last 24 hours. In the last 7 days, SOL price has fall by nearly 0.9%. It is currently ranked as the 12th biggest crypto asset on CoinGabbar.
Dogecoin’s (DOGE) price rise by 1.68% in the last 24 hours. DOGE is currently ranked 11th. The price of DOGE at the time of this report was $0.08216.
Polygon (MATIC) price rise by around 2.73% to $1.2817 in the last 24 hours. In the last 7 days, MATIC price has fall by around 13.88%. It is currently ranked 9th on CoinGabbar.
Shiba Inu (SHIB) rise by 3.45% in the last 24 hours to $0.00001284. It is currently ranked 15th on CoinGabbar.
Major Events
Justin Sun staked 150,100 ETH prior to the Ethereum Shanghai update, exceeding the staking threshold for the Lido DAO protocol.
As a result of the Terra Luna Classic community approving Core Developer Edward Kim's "Upgrade v1.1.0" proposal, the Binance LUNC burn protocol has been resumed.
Network validators are finishing up the Solana restart, which caused a delay in block production, while users wait.
The investigation of the allegations made against Sequoia's Chinese principle in the capital markets was handled by Gary Gensler of the US SEC, who was not held accountable by the authorities.
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