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Total crypto market cap drops to $850B as data suggests further downside

The total cryptocurrency market capitalization dropped by 24% between Nov. 8 and Nov. 10, reaching a $770 billion low. However, after the initial panic was subdued and forced future contracts liquidations were no longer pressuring asset prices, a sharp 16% recovery followed.Total crypto market cap in USD, 2-days. Source: TradingViewThis

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Ethereum inches even closer to total censorship due to OFAC compliance

Considering that protocol-level censorship is deterrent to the crypto ecosystem's goal of highly open and accessible finance, the community has been keeping track of Ethereum’s growing compliance with standards laid down by the Office of Foreign Assets Control (OFAC). Over the last 24 hours, the Ethereum network was found to

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Upside capped at $980B total crypto market, according to derivatives metrics

It is becoming increasingly challenging to support a bullish short-term view for cryptocurrencies as the total crypto market capitalization has been below $1.4 trillion for the past 146 days. Furthermore, a descending channel initiated in late July has limited the upside after two strong rejections.Total crypto market cap, USD. Source:

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La tenencia de criptomonedas de los bancos podría ser solo el 0,01% de la exposición total de riesgo, según estudio

La exposición, principalmente los servicios a clientes que involucran bitcoin (BTC) y ether (ETH), representa 0,14% de la exposición total al riesgo por parte de los 19 bancos que enviaron datos, o apenas 0,01% considerando todos los bancos. Este estudio, el primero de este tipo, tendrá un claro impacto en

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Banks’ Crypto Asset Holdings May Be Just 0.01% of Total Risk Exposure, Basel Study Finds

The great majority of exposures are bitcoin and ether or instruments based on those two currencies, the study said. The figures are dominated by services banks provide for others, such as custody, clearing, and market making. Only a handful of banks are fully involved in directly holding or lending crypto. Source

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