The latest news about cryptocurrencies indicates a market with volatility and sensitivity to global events. Here are some highlights:
Price and Market Movements:
* Bitcoin (BTC): Showed partial recovery following the movement of risk assets in the US and even rose with the decline of American inflation. However, it also showed declines at times, influenced by uncertainties about tariffs and graphic patterns indicating potential downturns. Remains relatively stable around the mark of $80 thousand.
* Other Cryptocurrencies: The market as a whole shows growth this week. Some altcoins, such as AERGO, exhibited drastic movements, with a sudden rise followed by a sharp decline due to events on exchanges.
* Trading Volume: The trading volume of cryptocurrency futures showed a decline, which could indicate the possibility of large fluctuations.
* Market Capitalization: The total market capitalization of cryptocurrencies is around R$ 9.8 trillion, with a weekly increase.
Developments and News:
* Tariffs and Trade War: Trade tensions between the US and China continue to impact the cryptocurrency market and technology stocks. Comments from Jerome Powell of the Federal Reserve (Fed) reinforced uncertainties about tariffs.
* Binance: The Binance exchange announced the free distribution of a new cryptocurrency (INIT) through the Launchpool. There was also a notorious case of a token (AERGO) that had a significant rise followed by a collapse on the platform, resulting in losses for investors.
* Regulation: An official from the Russian Ministry of Finance suggested that the country should develop its own stablecoins.
* Innovation and Tokenization: A Brazilian fintech of RWA (Real World Assets) tokens was highlighted by the BIS (Bank for International Settlements) as an example of innovation in financial tokenization. Blocksquare and Vera Capital closed a $1 billion deal in real estate tokens.
* Stablecoins: The growth of stablecoins could direct a significant volume of resources to T-Bills (US Treasury bills), according to an analysis by Standard Chartered.
* Institutional Adoption: There are reports that Russia is using cryptocurrencies to circumvent sanctions.
In summary, the cryptocurrency market remains dynamic and sensitive to macroeconomic news and specific developments within the crypto ecosystem.
"BBVG"
