Market Update – Bitcoin Adds About $300

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The cryptocurrency created by Satoshi Nakamoto has experienced very little change during the past day. At the time of writing, the crypto is trading at $37,926.12, almost $300 above yesterday’s price level.

All the other altcoins from CoinMarketCap’s top 5 are also showing similar losses.

The Bitcoin dominance index currently stands at 46.3%, 0.2% above yesterday’s level, while the market capitalization of Bitcoin stays at $722,756,442,675, below yesterday’s $744,265,332,211.

Regarding the total capitalization of the cryptocurrency market, it amounts to $1.563T, below yesterday’s $1.613T.

The Bitcoin greed and fear index stands at 24 points (extreme fear).

The most important news of the day is the one about FTX launching an NFT marketplace focused on sports & entertainment. According to the company, the platform will be focused on film, tv, music, gaming, esports, cooking, lifestyle and philanthropy.

It has also become known that Australia-based cryptocurrency exchange CoinJar has partnered with Mastercard to launch a cryptocurrency card. As a result of the cooperation, Australian users will be able to spend cryptocurrencies using Mastercard’s fiat infrastructure in all merchants that accept Mastercard cards.

We have also reported that Ripple wants to obtain documents from Binance as part of proceedings with SEC. According to the announcement, which has been made via Twitter by attorney James Filan, the lawyers have filed a petition in the Southern District of New York seeking documents from a company associated with Binance.