Cryptocurrency Market
- Bitcoin (BTC): Bitcoin is trading around $36,800, maintaining a stable trend after last week’s volatility. The dominance of Bitcoin over the cryptocurrency market remains strong at 51.3%, driven by continued institutional interest.
- Altcoins: Ethereum (ETH) holds steady at $2,090, while Solana (SOL) is showing slight gains, trading near $65, due to increasing DeFi activity on its network. Polygon (MATIC) has struggled, trading at $0.53 as competition in the Layer-2 sector intensifies.
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Market Sentiment: The total crypto market capitalization remains above $1.5 trillion, reflecting investor caution amid regulatory developments in the U.S. and Europe.
Global Stock Markets
- U.S. Markets: Wall Street opened mixed today, with the S&P 500 slightly down by 0.2%, while the Nasdaq gained 0.1%. Technology stocks continue to draw attention following last week’s strong earnings reports from NVIDIA and Amazon.
- European Markets: European indices, such as the STOXX 600, have shown resilience, rising 0.3% driven by improved earnings and stabilizing energy prices.
- Asian Markets: Asian indices closed higher, supported by China’s continued efforts to stimulate its property sector and positive momentum in Japanese equities following the Bank of Japan’s dovish stance.