📈 Market Overview
• #BTC (BTC): Currently trading at $109,355, experiencing a slight dip of 0.57% after reaching an all-time high of $110,170 earlier today.
• #Ethereum✅ (ETH): Up by 0.41%, now at $2,595.16, with intraday movements between $2,526.56 and $2,599.37.
• #BNB (BNB): Trading at $679.81, marking a 0.84% increase over the last 24 hours.
• #Sui (SUI): Experiencing a 4.67% decline, currently priced at $3.47.
📰 Key News Highlights
President Donald Trump has signed an executive order to create a Strategic Bitcoin Reserve, utilizing forfeited bitcoins held by the U.S. Treasury. The initiative aims to solidify the U.S.'s position in the digital asset space.
The Indian government is engaging with industry leaders to potentially revise the stringent crypto tax regulations implemented in 2022, signaling a more favorable environment for crypto investments.
Dubai has introduced the Middle East's first licensed tokenized real estate initiative, allowing investors to purchase property shares via blockchain technology.
🏦 21Shares Reduces Fees on Crypto ETP
Asset manager 21Shares has slashed the total expense ratio of its flagship HODL ETP from 2.50% to 0.99%, making it one of the most cost-effective crypto index products available.
📊 Altcoin Movements
• XRP: Trading at $2.30, with analysts projecting a potential rise to $4.00 following a prolonged consolidation phase.
• Dogecoin (DOGE): Experiencing a 0.84% decline, currently at $0.2246, with traders purchasing approximately $16 million worth of DOGE during the dip.
• BNB: Consolidating around $670 as the Maxwell Hard fork goes live on the test net, indicating potential for future developments.
🔍 Market Sentiment
The global cryptocurrency market capitalization remains steady at approximately $3.4 trillion, reflecting investor confidence despite minor fluctuations in major cryptocurrencies.