Crypto Hub

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Powered by 21Shares This Week in Crypto The overall sentiment for the cryptoassets industry is still in shock from the market correction that happened over the past few weeks. The macro factors driving the markets are a by-product of the Russian invasion of Ukraine and China’s COVID Zero policy combined, with the Federal Reserve’s latest interest rate hike adding fuel to the fire. Food prices have gone up 37% year-over-year, spurring protests in Sri Lanka and Iran. However, panic selling seems to be coming to an end; large investors, such as MicroStrategy, are still holding on to their crypto holdings. Bitcoin is down by 13%, trading between $33K and $29K over the past week, shrinking its market cap dominance to 42.4% as shown in Figure 1. Ethereum is down by 20%, trading between $2,423 and $2,013. On the upside, the top gainers out of last week’s rally were Cosmos, Solana, and Cardano. Major Cryptoassets by Percentage of Total Market Capitalisation ...
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Powered by 21Shares This Month in Crypto The market cap of the overall cryptoassets market is down by 16% since April 2 and dipped to as low as $1.39T on April 18 but quickly jumped back to hover currently at almost $1.82T. Bitcoin and Ethereum are down by 16.6% and 18.9% respectively since last month. April was not a ray of sunshine for the equity market either. The S&P 500 suffered its worst April in 52 years, plunging by 13.3% since the year to date. In this monthly review, we will delve deeper into the macroeconomic factors driving these drops and showcase some valuable onchain metrics indicating healthy fundamentals. We will also shed light on the month’s most significant developments on the regulatory landscape, DeFi, and the wider metaverse. Figure 1: Total Crypto Market Cap Over The Last 30 Days ...