Here's the latest crypto update:
Market Overview
The global crypto market cap is $3.54 trillion, with Bitcoin (BTC) trading at $105,333.43 and Ethereum (ETH) at $3,577.25. The market is experiencing volatility, with a 1.04% decrease over the last day ¹.
Top Gainers
- *Uniswap (UNI)*: Up 38% after introducing a protocol fee switch and burning mechanism.
- *TeraWulf*: Revenue surges 87% to $50.6 million in Q3, driven by Bitcoin rally and AI expansion.
- *Ethereum (ETH)*: Reclaims $3,500, with analysts forecasting a December take-off ² ³.
Key Developments
- *Brazil*: Tightens rules for virtual assets, classifying stablecoin payments as foreign exchange operations.
- *Coinbase*: Launches new platform for early access to digital tokens, starting with Monad's token sale.
- *US Government Shutdown*: Senate passes bill to end shutdown, potentially boosting crypto market ⁴ ⁵ ².
Notable News
- *Bitcoin*: Signals bullish reversal as apparent demand hits four-month highs.
- *NFT and Memecoin Markets*: Recover after month-long crypto slump.
- *Crypto ETFs*: US opens door for crypto ETFs and trusts to earn staking rewards
#US-EUTradeAgreement #AltcoinMarketRecovery
