Cryptocurrencies Approach New Year in Positive Mood
Bitcoin advanced to its highest price in three days, though all of the biggest cryptocurrencies are negative for the week.
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Cryptocurrencies moved toward the year end in a positive mood, with bitcoin – the world’s largest crypto by market capitalization – adding about 3% over 24 hours and ether, the No. 2, also gaining more than 3%, CoinDesk data show.
- Bitcoin climbed above $48,000, the highest in three days, while ether topped $3,800, the highest price since Wednesday.
- All of the 10 largest cryptocurrencies by market cap were advancing as of 10:35 UTC, though all are lower than at the same time a week ago and all except Terra’s LUNA token and stablecoins tether and USDC are down more than 10% since the beginning of December, Messari data show.
- LUNA rallied after a November community proposal to “burn” tokens, or permanently remove them from circulation. It touched a record high of $103 earlier this week. In the past 24 hours, it has added 4% to almost $90.
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
