Daily Crypto Market Report: Investors React to News of Regulation and Adoption (2024)

As the cryptocurrency market continues to gain momentum, the trading volume of various digital assets continues to fluctuate. Here are the twenty most traded cryptocurrencies of the day:

1. Bitcoin (BTC)

Bitcoin remains the most traded cryptocurrency, with a market dominance of over 40%. Its trading volume is consistently high, making it a popular choice among traders and investors.

2. Ethereum (ETH)

Ethereum is the second most traded cryptocurrency, known for its smart contract capabilities and decentralized applications. Its trading volume has been on the rise, reflecting its growing adoption.

3. Binance Coin (BNB)

Binance Coin, the native cryptocurrency of the Binance exchange, has seen an increase in trading volume. Its utility within the Binance ecosystem has contributed to its popularity.

4. Cardano (ADA)

Cardano, known for its scientific approach to blockchain technology, has seen a surge in trading volume. Its focus on scalability and sustainability has garnered attention from the crypto community.

5. Ripple (XRP)

Ripple, with its focus on facilitating cross-border payments, has remained a popular choice for traders. Its trading volume has seen fluctuations, reflecting market sentiment.

6. Dogecoin (DOGE)

Dogecoin, originally created as a meme, has become a hot topic in the cryptocurrency space. Its trading volume has experienced significant volatility, driven by social media trends.

7. Polkadot (DOT)

Polkadot, aiming to enable different blockchains to transfer messages and value in a trust-free fashion, has seen an increase in trading volume. Its interoperability solutions have attracted interest from traders.

8. Chainlink (LINK)

Chainlink, known for its decentralized oracle network, has maintained a consistent trading volume. Its ability to connect smart contracts with real-world data has contributed to its trading activity.

9. Litecoin (LTC)

Litecoin, often referred to as the silver to Bitcoin’s gold, has seen moderate trading volume. Its focus on fast and low-cost transactions continues to appeal to traders.

10. Uniswap (UNI)

Uniswap, a decentralized exchange protocol, has seen a surge in trading volume. Its automated liquidity provision has attracted traders seeking decentralized trading solutions.

11. Bitcoin Cash (BCH)

Bitcoin Cash, a fork of Bitcoin, has seen fluctuating trading volume. Its focus on enabling fast and cheap transactions has influenced its trading activity.

12. Stellar (XLM)

Stellar, aiming to facilitate cross-asset transfers of value, has seen moderate trading volume. Its focus on financial inclusion has garnered attention from traders.

13. VeChain (VET)

VeChain, known for its enterprise-focused blockchain platform, has experienced a surge in trading volume. Its solutions for supply chain management and anti-counterfeiting have attracted interest from traders.

14. Solana (SOL)

Solana, a high-performance blockchain platform, has seen an increase in trading volume. Its fast and low-cost transactions have resonated with traders seeking efficient blockchain solutions.

15. EOS (EOS)

EOS, known for its scalability and user-friendly experience, has maintained a consistent trading volume. Its focus on enabling decentralized applications has influenced its trading activity.

16. Theta Network (THETA)

Theta Network, a decentralized video delivery network, has seen a surge in trading volume. Its solutions for video streaming and esports have garnered attention from traders.

17. TRON (TRX)

TRON, aiming to create a decentralized internet, has experienced fluctuating trading volume. Its focus on content sharing and entertainment has influenced its trading activity.

18. Aave (AAVE)

Aave, a decentralized finance (DeFi) protocol, has seen an increase in trading volume. Its solutions for lending and borrowing digital assets have attracted interest from traders.

19. Monero (XMR)

Monero, known for its privacy-focused cryptocurrency, has maintained a consistent trading volume. Its emphasis on anonymous transactions has resonated with traders seeking financial privacy.

20. Kusama (KSM)

Kusama, an experimental blockchain platform, has seen moderate trading volume. Its focus on innovation and flexibility has influenced its trading activity.

List of the Top 50 Trending Cryptocurrencies of the Day

Here is the complete list of the top 50 trending cryptocurrencies of the day:

1. Bitcoin (BTC)
2. Ethereum (ETH)
3. Binance Coin (BNB)
4. Cardano (ADA)
5. Ripple (XRP)
6. Dogecoin (DOGE)
7. Polkadot (DOT)
8. Chainlink (LINK)
9. Litecoin (LTC)
10. Uniswap (UNI)
11. Bitcoin Cash (BCH)
12. Stellar (XLM)
13. VeChain (VET)
14. Solana (SOL)
15. EOS (EOS)
16. Theta Network (THETA)
17. TRON (TRX)
18. Aave (AAVE)
19. Monero (XMR)
20. Kusama (KSM)
21. Neo (NEO)
22. Tezos (XTZ)
23. Filecoin (FIL)
24. Maker (MKR)
25. Ethereum Classic (ETC)
26. Terra (LUNA)
27. IOTA (MIOTA)
28. Dash (DASH)
29. Compound (COMP)
30. Algorand (ALGO)
31. Cosmos (ATOM)
32. The Graph (GRT)
33. Zcash (ZEC)
34. NEM (XEM)
35. Ontology (ONT)
36. SushiSwap (SUSHI)
37. Basic Attention Token (BAT)
38. Decred (DCR)
39. Qtum (QTUM)
40. Waves (WAVES)
41. Ravencoin (RVN)
42. Dogecoin (DOGE)
43. Nexo (NEXO)
44. 0x (ZRX)
45. yearn.finance (YFI)
46. Ren (REN)
47. Ontology Gas (ONG)
48. Zilliqa (ZIL)
49. HedgeTrade (HEDG)
50. Ocean Protocol (OCEAN)

It’s important to note that the trading volume and trendiness of cryptocurrencies can change rapidly, so it’s essential for traders and investors to stay informed and monitor market developments closely.

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Daily Crypto Market Report: Investors React to News of Regulation and Adoption (2024)

FAQs

How is the crypto market doing today? ›

The global cryptocurrency market cap today is $2.59 Trillion, a +1.14% change in the last 24 hours.

Which crypto will explode in 2024? ›

Here's our list of cryptos that will explode in 2024: Dogeverse (DOGEVERSE) – A multi-chain Doge token expected to boom in 2024. Slothana (SLOTH) – A hot Solana meme token raising over $550K in a few hours. Mega Dice (DICE) – A popular crypto casino offers daily rewards to token holders.

How does news affect crypto prices? ›

Public information and news sentiment highly impact the cryptocurrency market. A cryptocurrency-specific news sentiment indicator is built using the NLP technique. The cryptocurrency market reacts differentially to positive and negative news. The dominant cryptocurrency, Bitcoin, experiences a “negativity effect.”.

Who is controlling crypto market? ›

Cryptocurrencies are usually not issued or controlled by any government or other central authority. They're managed by peer-to-peer networks of computers running free, open-source software. Generally, anyone who wants to participate is able to.

What is the prediction for the crypto market? ›

Ripple CEO predicts crypto market will double in size to $5 trillion by the end of 2024.

Which crypto is best to invest now? ›

Here are six of the best cryptocurrencies to buy now:
  • Bitcoin (BTC)
  • Ether (ETH)
  • Solana (SOL)
  • Avalanche (AVAX)
  • Polygon (MATIC)
  • Cardano (ADA)
Apr 2, 2024

What crypto has the most potential? ›

Top 21 Cryptos With High Potential in 2024
  • Dogeverse (DOGEVERSE) – Multi chain meme token with massive staking rewards.
  • Slothana (SLOTH) – Hot new meme coin with the potential to go viral.
  • Mega Dice (DICE) – Multi functional native token of popular crypto casino.

Which crypto has best future for 2025? ›

Next Cryptocurrency to Explode in 2025: Top Picks for Massive...
  • Ethereum (ETH-USD): Ethereum, often dubbed the "king of smart contracts," is poised for significant growth. ...
  • XRP (XRP-USD): ...
  • Cardano (ADA-USD): ...
  • Dogecoin (DOGE-USD): ...
  • Toncoin (TON-USD): ...
  • Shiba Inu (SHIB-USD): ...
  • TRON (TRX): ...
  • Cronos (CRO):
Apr 7, 2024

Which crypto will boom in 2026? ›

Here are three cryptos with tenfold growth potential by 2026. Ethereum (ETH-USD): Approval of spot ETFs has this crypto rallying hard right now. Bitcoin (BTC-USD): An upcoming halving event could push the largest crypto to new all-time highs.

Why is crypto down when inflation is up? ›

As inflation rises, the U.S. Federal Reserve (the Fed) and other major central banks may be inclined to continue to raise interest rates or tighten monetary policies to slow the price rises. As a result, many asset classes, including cryptocurrencies, may see their prices fall.

How will Fed decision affect crypto? ›

Lower rates would weaken U.S. Treasury yields, making riskier assets such as cryptocurrencies more attractive to investors. However, higher rates for longer would hurt the investment case for riskier assets to some extent.

How will a recession affect cryptocurrency? ›

“I expect rate cuts to be favorable to crypto prices,” says Raju. And don't assume that Bitcoin – the bellwether for the crypto industry – will fare the same as other cryptos in a recession. What affects the most popular cryptocurrency may not have any effect on less-followed names.

Who owns the most Bitcoin? ›

Who Owns the Most Bitcoins? Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is believed to own the most bitcoins, with estimates suggesting over 1 million BTC mined in the early days of the network.

How many Bitcoin's are left to mine? ›

2 million

Is crypto going to be regulated? ›

Cryptocurrency regulation in the United States

In early 2020, the U.S. Treasury Department announced that it would be taking a more aggressive stance in dealing with cryptocurrencies to reduce financial crime and bring transparency to an otherwise complicated asset class.

Will Bitcoin rise again? ›

Limited supply is one of bitcoin's key features. Only 21 million bitcoins will ever exist, and more than 19.5 million of them have already been mined, leaving fewer than 1.5 million left to pull from. So long as demand remains the same or climbs faster than supply, bitcoin prices should rise as halving limits output.

Is crypto a good investment? ›

Bitcoin is a risky investment with high volatility, and generally should be considered only if you have a high risk tolerance, are in a strong financial position already and can afford to lose some or all of your investment.

Is crypto currency safe? ›

Cryptocurrency is a safe investment or not? Like any other investment, cryptocurrency is not a risk-free investment. The market risks, cybersecurity risks and regulatory risks, as cryptocurrency is not issued or regulated by any central government authority in India.

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