The global crypto market cap is $2.08 trillion with a 24-hour volume of $89.49 billion. The price of Bitcoin is $43,792.39 and the BTC dominance is at 39.8%.
In a Senate Banking Commitee press conference this past Wednesday, Federal Reserve Chair Jerome Powell clarified in response to a question on whether a potential Fed CBDC would preclude the existence of privately-issued stablecoins, to which Powell responded "No, not at all." Letting stablecoins coexist and compete against a Fed digital dollar has big implications.
The International Monetary Fund (IMF), recently warned about a growing connection between crypto and equity markets that pose risks to financial stability.
Jack Dorsey, former Twitter CEO and founder revealed new plans to create a Bitcoin Legal Defense Fund in association with Alex Morcos, founder of Chain-co labs, and Martin White, a computer science teacher from the University of Sussex.
Ethereum remained the top blockchain in 2021 by TVL (total value locked), but its market share continued to erode, dropping from nearly 100% at the beginning of the year to 65%.
