Monday, April 1, 2024

NDAX Market Report, Key Notes & Crypto Overview

MAR 25 - MAR 31

Market Updates

  • The global cryptocurrency market has reached a total market capitalization of CAD $2.64 Trillion.  
  • Bitcoin continues to lead the market with a dominance of 52%, followed by Ethereum at 16.2%.  

Crypto News

  • Blob base fee surges, Ethereum misses slots as ‘BlobScriptions’ go viral Blockworks
  • Not just the halving: Why analysts are bullish on Bitcoin in 2024 Cointelegraph
  • Bitcoin price falters as macroeconomic and regulatory headwinds mount Cointelegraph
  • 'Not nearly long enough': World reacts to SBF's 25-year prison sentence The Block
  • Bitcoin, Ether Could Witness Upside Volatility as $15B Options Expiry Looms Coindesk
  • Dogecoin Bets Jump to $2B as Price Reaches Highest Level Since 2021 Coindesk

Market Moves

  • Bitcoin is currently the top trading pair on NDAX, followed by Ether, Dogecoin, Solana, Shiba Inu and XRP.
  • After slowly regaining lost ground over the past few weeks, Bitcoin continued its slow comeback to end the month. BTC ended the week up around 5% (with a weekly amplitude—volatility—of 8%) and is now trading somewhere between the CA$95K and $97K levels

Upcoming Events

  • Mid-April- At block height 840,000; The Bitcoin Halving 
  • May – SEC Decision on BlackRock's Ether Spot ETF Decision  

No comments:

Post a Comment