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Right Now, Global Crypto Market Briefing

Right Now, Global Crypto Market Briefing
  1. Market Overview
    -Bitcoin price closes above $51,800
    -Bitcoin hits $52,800, its highest price since December, 2021
    -Volume dominance is 54.0% for bitcoin, 17.7% for ether, and 12.0% for altcoins
    -Total coin market capitalization is $1.89 trillion, with Bitcoin entering the $1 -trillion era and altcoin market capitalization at $0.89 trillion
  2. Rising Coin Trends
    -The 'Top 5 Gainers' are STX, SEI, FLOW, DYM, and VET.
    Selected from the top 100 in market capitalization in the last 24 hours
  3. Fear Greed Index
    -Currently at 72, "greed" level, with a recent high of 76, "extreme greed"
  4. Top News & Opinion
    -Amid predictions that BTC will hit a new all-time high this .....
    -BTC 52K, ARKB, the ArcInvest BTC spot ETF, bought ......
    -Coinbase stock is up 37% over the past seven days after Ark .....
    -The release of the US CPI data triggers volatility in investments .....
  5. Implications of on-chain data
    -Will Bitcoin price top above 53K?
    -The dominance of Bitcoin and altcoins in circulating supply, with Bitcoin currently accounting for 54% of the total.
    -Current level of greed as measured by the Fear Greed Index
    -Crypto and Tether's circulating supply dominance, with Tether dominance dropping
    -Crypto Options Status Bitcoin's Maxpain value is currently at 45K and Ethereum's is at 2.35K.
    -Open interest (OI) movement is at its highest since 2021 (in fact, most on-chain metrics are updating).