Market Overview
The global crypto market capitalization has risen to approximately $3.39 trillion, with a 4% increase in the past 24 hours. The daily trading volume has reached $213 billion, indicating renewed bullish sentiment.
Circle's IPO
- *Stablecoin Issuer Circle Files for IPO*: Circle, the issuer of the USDC stablecoin, has filed for an initial public offering (IPO) on the New York Stock Exchange (NYSE).
- *Potential Raise*: At the top end of the range, Circle could raise around $250 million from its offering ¹.
Top Cryptocurrencies
- *Bitcoin (BTC)*: Bitcoin's market dominance has risen to 64.85% after nine weeks of growth.
- *Dogecoin (DOGE)*: Trading at $0.2256, riding meme coin momentum.
- *NEAR Protocol (NEAR)*: Gained 11.7%, joining top performers like Uniswap (UNI) .
Market Trends
- *Institutional Adoption*: Coinbase’s $2.9 billion acquisition of Deribit signals a push into crypto options markets.
- *Stablecoin Market Cap*: Exceeds $200 billion, outpacing Bitcoin’s growth in Q1.
- *Liquidations*: The crypto market experienced $160 million in liquidations in 24 hours, with long positions accounting for $131 million.
