Global #cryptocurrency market

Today marks a significant day in the cryptocurrency market as over $5 billion worth of Bitcoin and Ethereum options are set to expire.

As the U.S. general elections approach on November 5, 2024, the cryptocurrency market, particularly Bitcoin (BTC), is steadily gaining momentum.

The recent approval by the SEC to allow options trading on Bitcoin ETFs has sent ripples through the cryptocurrency landscape.

In this week’s report, we examine the latest happenings in the cryptocurrency market, including significant regulatory developments, shifts in stablecoin market shares, and the implications of recent volatility in traditional markets.

The latest CoinGecko Q3 Crypto Industry Report reveals that the overall cryptocurrency market has contracted by 1.0%. Despite this slight decline, Bitcoin has reached a three-year high in market dominance, while Ethereum is experiencing challenges across several metrics.

Chainalysis' 2024 Geography of Cryptocurrency Report has revealed that Latin America is a burgeoning cryptocurrency market, ranking fifth globally in terms of transaction value.