Hello lovely people of Hive and leofinance community. Hopefully you will be enjoying your life with good health and spirit. Friends, crypto market observed momentum despite Genesis issues. Genesis trading filed a bankruptcy protection after suffering from FTX collapse.
Interestingly, the news didn't create panic in the market, as the market observed more than 1.2% rise in last 24 hours.
Current global crypto market cap is around $984.2 Billion. BTC as usual at the top of the list with a market cap of $409.19 Billion. BTC has more than 41% of global crypto marketcap. In last 7 days BTC observed 11.4% rise. Today coin managed to gain 1.64% worth. Currently king of coin is trading around $21,235.
ETH also observed more than 11% gain in last 7 days. ETH observed 2.6% rise in last 24 hours. Currently ETH is trading around $1,575. ETH has a market share of 19.4% of the total global crypto market. Top two coins has held more than 60.5% of the the total marketcap. This reveals the influence of top two coins over alt coins.
Although things are looking good for the market and we can't say that it is the end of bearish season. Genesis bankrupty may create FUD in the market as a result we may observe massive dip in crypto market. Time to hold your asset as the market may dip further. What is your opinion my friends?
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.