The global crypto market cap is $1.65 trillion with a 24-hour volume of $97.58 billion. The price of Bitcoin is $36,650.00 and the BTC dominance is at 42.1%.
For the first time this year, digital asset-based investment products saw an inflow of funds as investors looked to capitalize on low market prices of these assets that was caused by the crypto market crash.
Amid the crypto market meltdown, MicroStrategy stock slid as much as 15% before equity markets rebounded late Monday–following the US Securities and Exchange Commission (SEC) objecting to the company's Bitcoin accounting strategy.
The Biden administration is reportedly working on an executive order emphasizing potential economic, regulatory, and national security challenges that cryptocurrencies might pose in the future.
With the price of Bitcoin sliding down 50% since the November peak, investor sentiment became increasingly negative, and the focus from making ATH predictions shifted to debates about its rebound potential.
Bitcoin Mining Council (BMC), recently announced the results from its quarter fourth survey highlighting how Bitcoin mining is steadily adopting sustainable power usage.
