Monday, May 22, 2023

NDAX Market Report, Key Notes & Crypto Overview

MAY 15 - MAY 21

Market Updates

  • The global cryptocurrency market has reached a total market capitalization of CAD $1.51 Trillion.  
  • Bitcoin continues to lead the market with a dominance of 46.4%, followed by Ethereum at 19.4%.

Crypto News

  • Is Ledger’s New Bitcoin Key Recovery Feature Safe? Coindesk
  • Bitcoin cleans up the environment and helps catch criminals: US Senator Cynthia Lummis CoinTelegraph
  • Bitcoin Hovers Below $27K as Fed Chair Powell Makes Modestly Dovish Comments CoinDesk
  • Decreased Bitcoin Activity and Liquidity Point to Imminent Volatility Spike Blockworks
  • The US government is one of the largest Bitcoin whales. What does that mean for the crypto market? The Block

Market Moves

  • Bitcoin is currently the top trading pair on NDAX, followed Ethereum, XRP, Shiba Inu, Dogecoin and Gala.
  • Over the past 7 days, the value of Bitcoin (BTC) has decreased by 2.38% and is currently being traded at $35,997. Ethereum (ETH) is down 1.44% during the same period and is now being traded at $2,431.

Upcoming Events

  • May 26 – CME Futures Expiry

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