Monday, December 25, 2023

NDAX Market Report, Key Notes & Crypto Overview

DEC 18 - DEC 24

Market Updates

  • The global cryptocurrency market has reached a total market capitalization of CAD $2.22 Trillion.  
  • Bitcoin continues to lead the market with a dominance of 50.7%, followed by Ethereum at 16.4%. 

Crypto News

  • Stablecoin Issuer Circle Conditionally Registered for Digital Asset Services in France Coindesk
  • Spain sees 56% surge in registered crypto firms in 2023 Cointelegraph
  • BlackRock, Nasdaq Meet SEC Again to Discuss Spot Bitcoin ETF Decrypt
  • Bitcoin Ordinals Critic Caves as Jack Dorsey-Backed Ocean Mining Pool Flips on Inscriptions Decrypt
  • Crypto users to reach almost one billion in 2024, analysts predict Cointelegraph
  • Prometheum Earns Final Regulatory Nod to Try Hand at Fully-Compliant Crypto Coindesk
  • Worldcoin is no longer offering Orb-verification in India, Brazil and France Techcrunch

Market Moves

  • Solana is currently the top trading pair on NDAX, followed by Bitcoin, Ethereum, XRP, Cardano, Avalanche, Fantom, Polkadot and Shina Inu. 
  • Week over week, the value of Bitcoin (BTC) is up 5.26% and currently trading at $57,631, while Ethereum (ETH) is up 5.15%, now trading around $3,038. 

Upcoming Events

  • Dec 29 - CME Expiry 
  • Jan 5 - Franklin Templeton ETF SEC comment rebuttal period ends 
  • Jan 10 - Final ARK 21Shares (the first bitcoin ETF) decision deadline for SEC

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