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Crypto News Today Live Updates November and Latest News: (18 November 2022) The global digital asset market registered a slight recovery amid the increased volatility in the market. The cumulative market cap is marginally up by 1.06% over the past day. It stands at $838 billion.
However, 24 hour trading volume has dropped by a massive 15.44% to stand at $51.4 billion.
Bitcoin (BTC) price is up by 1.7% in the last 24 hours. Bitcoin is trading at an average price of $16,809, at the press time.
Crypto News Today Live Updates
Asia’s Top Bitcoin ATM Networks All Set To Close Trading
FTX-backed Singapore exchange Genesis Block is all set to close its trading network. As per the report, the Asian top bitcoin ATM network has announced that it has halted trading after the collapse of the FTX exchange.
Bahamas Regulator Takes U-Turn On FTX
According to a media release shared by the Securities Commission of The Bahamas, the watchdog took the action of directing the transfer of all FTX digital assets to a digital wallet.
Grayscale Bitcoin Trust Trading Down By 40%
According to the data, Grayscale Bitcoin Trust Fund (GBTC)’s negative premium expanded to a whopping 42.7%. While the negative premium of Ethereum Fund dropped to 40.12%. Both trust funds have hit a record low.
Exchange Outflows reveals current situation of Crypto
As per data from Glassnode, the speed of Bitcoins moving off exchanges is so high that all the BTC that flowed into exchanges since 2018 has now been withdrawn. The demand for self-custody and spot-driven Bitcoin markets is rising fast.
Although Bitcoin has been through several bear markets in the past, this kind of behavior has been unprecedented.
CZ Backs Elon Musk Amid Backlash
Binance CEO Changpeng Zao (CZ) speaks out in support of Twitter CEO Elon Musk amid an ongoing trend on Twitter, “RIP Twitter.”
The trend #RIPTwitter burst onto the scene after the recent ultimatum given by the Twitter CEO to choose between working intense, extremely hardcore, long hours or losing
Elon Musk’s Ultimatum Backfires
Elon Musk had given Twitter’s employees an ultimatum earlier this week regarding a hardcore cultural reset at the company.
The new Twitter owner gave two options to employees – either be the part of “Twitter 2.0” or resign.
Several Twitter employees soon started putting farewell text messages on the company’s slack channel.
Bitcoin Price Shows Marginal Recovery
Bitcoin (BTC) price is up by 1.7% in the last 24 hours. Bitcoin is trading at an average price of $16,809, at the press time.
Bitcoin’s dominance is currently 38.59%, an increase of 0.25% over the day.
Crypto Market Registers Recovery
The global digital asset market registered a slight recovery amid the increased volatility in the market. The cumulative market cap is marginally up by 1.06% over the past day. It stands at $838 billion.
