The crypto market is attempting to stabilize after a recent dip, with some tokens showing significant gains. MakerDAO’s MKR token surged by 20% in 24 hours due to a buyback and burn process. IP, the token of Story Protocol, rose nearly 40% and doubled in value over two weeks after being listed on South Korean exchanges. Other tokens like Celestia’s TIA, XDC, QNT, and HYPE also performed well, with whales buying into HYPE’s dip. XRP is holding at a key Fibonacci level, suggesting potential for further gains. Despite these positive movements, the market is digesting the end of a memecoin frenzy, with sectors like stablecoins, real-world assets, and DeFi expected to gain traction. Macroeconomic indicators show a drop in U.S. consumer confidence to an eight-month low, with inflation expectations at a 1.5-year high, potentially limiting risk asset growth. The Senate Banking Committee is set to revisit crypto regulations, indicating ongoing legislative interest in digital assets.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
