π Crypto market under pressure: total capitalization falls to $2.21 trillion
The total crypto market capitalization dropped by 2.8%.
BTC fell by 4.4% to $61,300, while ETH declined by 3.6%.
Most sectors were down by 3β7%, while GameFi and NFTs showed growth of 3β4%.
At the same time, OpenAI has confidentially filed for an IPO. This could shift more attention and capital toward the AI sector, reducing interest in riskier assets such as crypto.
Meanwhile, institutional development continues:
β‘οΈ Janus Henderson is partnering with Ethena
β‘οΈ Morpho raised $175 million
β‘οΈ GSR received FINRA approval
β‘οΈ Circle launched cirBTC
β‘οΈ Backpack US is strengthening its regulatory direction
β‘οΈ Aave is proposing stricter risk controls
Conclusion: the market is under short-term pressure, but DeFi and institutional crypto infrastructure continue to grow stronger.
Not financial advice.
Exchange || Community || X (Twitter) ||
Discord || Instagram || Facebook || MuslimNews
πApp Store || π€Google Play
Post #4973
58
Forwarded from Quan2um | Crypto Halal
