The main coins are still moving sideways with no clear direction over the past 24 hours. Given the lack of major macro catalysts, some market participants are turning to selected altcoins and NFTs. At this stage, we will need to keep an eye on the digital assets markets – whether they can stay resilient as we edge towards a possible U.S. rate hike compared to equities markets.
Digital Assets Market
- Total crypto market capitalization stands at $1.8T, -2.9% from yesterday
- $BTC is -0.3% at time of writing; 24H liquidations and funding rates: 35.69M, +0.00419% average
- $ETH is -0.2% at time of writing; 24H liquidations and funding rates: 25.53M, +0.01623% average
- Stablecoins market dominance: USDT 43.25%; USDC 28.33%; BUSD 9.71%; UST 7.95%; DAI 5.78%