Cryptocurrency news

Major Cryptocurrency News October 18

Business

oi-Sneha Kulkarni

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After a huge increase over the weekend, major cryptocurrencies saw little activity on Monday. However, when investors became more cautious, the majority of them went into the red.

Mudrex, a crypto asset management platform, has created “coin sets”, which allow users to participate in a number of crypto products similar to mutual funds. This is the first time that such a product has been offered to retail investors. Previously, only HNIs and institutional investors had access to such investment products.

The global crypto market valuation is now at $ 2.470 billion, down 0.87% from the previous day. The overall crypto market volume over the past 24 hours increased 16.79% to $ 97.09 billion. The overall 24-hour volume of all stablecoins is now $ 76.48 billion, or 78.77% of the total crypto market volume.

The price of bitcoin is currently $ 61,229.36. Bitcoin’s market share is now 46.79%, up 0.51% from the previous day.

Valve has announced that all games that use the blockchain to trade cryptocurrencies and non-fungible tokens (NFTs) will be removed from Steam, raising concerns about the future of NFTs in the video game industry.

USDC stablecoin, which is used to oil the cogs of cryptocurrency trading, has entered the Hedera Hashgraph ecosystem.

The introduction of USDC opens the door for large-scale development in areas such as decentralized finance, like Hashgraph, an alternative to blockchains that uses directed acyclic charts for time-series transactions without grouping them into blocks, sees the introduction of USDC opening the door to large-scale development around areas such as decentralized finance (DeFi).

Bitcoin’s (BTC) market trend of collapsing by more than 80% after big bull runs could come to a halt.

According to Pantera Capital, a California-based hedge fund, it does. The document goes on to say that the recent price cuts for BTC have been less severe than in the past.

Article first published: Monday, October 18, 2021, 5:08 PM [IST]


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