Here’s a look at the current situation in the cryptocurrency world today:
1. Bitcoin and Ethereum Trend:
• Bitcoin (BTC) has broken the 64,000 USDT mark, up 2.14% in the last 24 hours. This is partly attributed to a massive liquidation of short positions and the effects of the 2024 halving, which reduced the circulating supply, creating bullish pressure. Institutional demand remains high, driven by Bitcoin spot ETFs.
• Ethereum (ETH), on the other hand, crossed 2,500 USDT, with an increase of 1.79%. The growing adoption of layer 2 scaling solutions, such as Arbitrum and Base, plays an important role in stabilizing the network and increasing interest in the platform.
2. Crypto sphere news:
• The market is currently influenced by events such as the FTX bankruptcy hearings, which are creating uncertainty around regulation and centralized exchanges. In addition, the rise of scalability solutions for Ethereum (Layer-2) and the launch of new Bitcoin spot ETFs continue to structure the future of the ecosystem. Added to this is the potential impact of prediction markets linked to the US elections, which could lead to short-term price movements.
3. Altcoins favored by investors today:
• Arbitrum (ARB): This project aims to improve the efficiency of Ethereum through a Layer-2 solution using rollups to reduce transaction costs while maintaining the security of the mainnet. With growing adoption, ARB is attracting investor attention for its central role in reducing Ethereum’s user fees.
• Optimism (OP): Another Layer-2 solution for Ethereum, Optimism optimizes transactions using rollups. Its potential to reduce congestion and improve the speed of Ethereum transactions makes it a preferred choice in the decentralized finance (DeFi) ecosystem.
4. Best performance of a token today:
• Token Performant: Kaspa (KAS). Today, Kaspa is seeing one of the biggest gains, thanks to its unique consensus mechanism, blockDAG, which allows for parallel validation of blocks. This project seeks to combine the security of Bitcoin with increased scalability. Kaspa has seen increased interest in recent months, with a significant increase in transaction volume and adoption among miners.
https://t.me/kkatmemetoken
Mon token sur gaspump
Come see it on TG
