GLOBAL MARKETS SEEING A PUMP INCLUDING CRYPTOCURRENCIES
The Global Markets are following a pump including S&P 500, Nasdaq, Dow Jones as well as cryptocurrencies etc.
The Global Markets are seeing a pump in the stock and crypto market since last Sunday, The Major US and European stock markets are emerging including the top S&P 500, Nasdaq, Russell, Dow Jones, Dax, FTSE 100 etc. Since this year, the majority of them have fallen by as much as 30% while cryptocurrencies have seen a fall of 70% - 80%.
Top Cryptocurrencies like Bitcoin and Ethereum have lost about 2/3 of their all-time high (ATH) value since December 2021. During last year, the global crypto market reached an ATH of $3.1T while it fall below $900B this year. But we have seen huge adoption of cryptocurrencies as a method of payment from global brands and startups such as Hublot, Dubai-based FIVE Hotels and Restaurants, Gucci and YallaMarket etc.
Also, many of the top crypto blockchains have set new milestones such as Polygon (Matic) as it is the only crypto blockchain that has been selected for Disney's Accelerator Program 2022. It's a program that mainly focuses on NFTs, AR and AI developments. The amazing fact is only six firms have been selected for this year's program and Polygon is one of them. If things go in the right direction, we could see a huge pump in the market in the upcoming days.
As of now, at the time of writing this article, Bitcoin and Ethereum are trading at $22,120 and $1,470 respectively on various exchanges, while the global crypto market is nearly $1.02T.
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