Monday, January 22, 2024

NDAX Market Report, Key Notes & Crypto Overview

JAN 15 - JAN 21

Market Updates

  • The global cryptocurrency market has reached a total market capitalization of CAD $2.17 Trillion.  
  • Bitcoin continues to lead the market with a dominance of 49.8%, followed by Ethereum at 18.1%.   

Crypto News

  • Sam Bankman-Fried's Parents Ask Court to Dismiss FTX's Lawsuit Seeking to Recover Funds Coindesk
  • Multiple US Senate bills object to CBDC's definition of ‘money’ Cointelegraph
  • Chainlink Teams Up With Circle to Allow Cross-Chain Stablecoin Transfers Coindesk
  • Trump Vows to 'Never Allow' U.S. CBDC if Reelected Decrypt
  • Morgan Stanley: Can Crypto Dethrone U.S. Dollar Dominance? Decrypt
  • BlackRock Wants to Follow Bitcoin ETF With an Ethereum ETF. Marketing It Might Not Be So Simple Coindesk
  • Ripple CEO cites SEC's 'hostile' crypto stance for not prioritizing IPO The Block

Market Moves

  • Bitcoin is currently the top trading pair on NDAX, followed by Ethereum, Solana, XRP, Cardano, Dogecoin, Arbitrum, Shiba Inu and Chainlink.
  • Week over week, the value of Bitcoin (BTC) is down 3.31% and currently trading at $55,350, while Ethereum (ETH) is down 2.88%, now trading around $3,278. 

Upcoming Events

  • Jan 26 - CME options expiry
  • Jan 31 - FOMC benchmark rate decision
  • Feb 13 - January CPI
  • Mid April - Bitcoin block reward halving

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