Global #crypto market

The cryptocurrency market is experiencing a surge today, with a collective market capitalization increase of 1.31%, reaching a total of $2.33 trillion.

In a move that underscores the increasing interest in cryptocurrency among Russian financial institutions, several leading banks are reportedly keen to join the Central Bank's pilot program aimed at exploring crypto technologies.

Wall Street is gearing up for a pivotal week as corporate earnings reports and retail sales data take center stage. Investors are eager for more signs of the U.S. economy's strength following recent equity market gains.

As of Saturday, October 12, the total cryptocurrency market capitalization has surged by 2% over the past 24 hours, reaching approximately $2.28 trillion during the early European session.

Celestia (TIA) has shown impressive resilience over the past week, bouncing back strongly from an early October downturn. The token is currently leading the crypto market's recovery on the daily timeframe, indicating a potential continuation of its bullish momentum as the month progresses.

21Shares, a pioneer in cryptocurrency exchange-traded products (ETPs), has expanded its European offerings with the launch of the Future of Crypto Index ETP (FUTR).

The crypto market has witnessed a significant shift as traditional hedge funds increasingly embrace digital assets. A recent report by the Alternative Investment Management Association (AIMA) and PwC reveals that nearly half of hedge funds in traditional markets are now involved in cryptocurrencies.

The crypto market has witnessed a significant liquidity boost, driven primarily by the growth of stablecoins. According to data from CryptoQuant, the total market capitalization of major USD-backed stablecoins reached a staggering $169 billion in late September, marking a 31% increase year-to-date.

In a notable development in the cryptocurrency landscape, Shiba Inu (SHIB) has experienced a remarkable 109% surge in large transaction volume over the past 24 hours.

As October dawned, analysts and investors were filled with optimism, expecting a repeat of the historical bullish trend known as “Uptober.” However, this optimism was quickly overshadowed by shocking market movements, leading some observers to dub the month “Rektober.”

Japan is currently navigating a challenging economic landscape marked by rising prices and subdued consumer spending. In response, Prime Minister Shigeru Ishiba is proposing a strategy centered on increasing wages to stimulate economic activity.

South Korea's Financial Services Commission (FSC) has approved the establishment of the Digital Asset Protection Foundation, a nonprofit organization aimed at safeguarding crypto assets and blockchain belongings.