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Here at CoinMarketCap, we work very hard to ensure that all the relevant and up-to-date information about cryptocurrencies, coins and tokens can be located in one easily discoverable place. https://commxinc.com From the very first day, the goal was for the site to be the number one location online for crypto market data, and we work hard to empower our users with our unbiased and accurate information.
The total crypto market volume over the last 24 hours is $257.68B, which makes a 31.64% decrease. The total volume in DeFi is currently $11.31B, 4.39% of the total crypto market 24-hour volume. The volume of all stable coins is now $235.6B, which is 91.43% of the total crypto market 24-hour volume.
Cryptocurrency is treated as a capital asset, like stocks, rather than cash. That means if you sell cryptocurrency at a profit, you’ll have to pay capital gains taxes. This is the case even if you use your crypto to pay for a purchase. If you receive a greater value for it than you paid, you’ll owe taxes on the difference.
Newest cryptocurrency
On this page, you can find out the name of the latest digital currencies, their symbol and when they were added. It can take a little time to get data on a coin’s market cap and its circulating supply initially, but we’ll update that data as soon we get it.
Of course, one of the biggest growth areas in the crypto market has been in decentralized finance. Known as DeFi for short, many of the tokens in this industry relate to governance and give owners the right to vote on proposed improvements to a network. Others are used to deliver staking rewards.
Dogecoin’s surge began in the first half of the year, reaching its all-time high of $0.74 (with much help from the Twitter account of self-proclaimed DogeFather, Elon Musk). Year to date, the token is still up nearly 3,000%.
Developers can thus launch new cryptocurrencies on top of these existing blockchains, with the newly created currency referred to as a “token.” A token can act as digital money and not be native to the blockchain on which it operates.
However, as with many of these copy-paste tokens, the fall has been just as dramatic. Safemoon has lost 99.9% of its value, trading close to zero, with a market cap of $3.3 million, at the time of this writing. Safemoon, according to CoinMarketCap, has been migrated over to a new version: SafeMoon V2.
Cryptocurrency news today
Bitcoin was deemed a safe asset regardless of the outcome of the election — it is not considered a security, even by the Securities and Exchange Commission, and Trump has made big overtures about bitcoin like entertaining the idea of a strategic national bitcoin reserve and speaking about the need to keep all bitcoin mined in America.
The price of the flagship cryptocurrency was last higher by 4.5% at $79,800.19, according to Coin Metrics. Ether rose 3%, after passing the $3,000 level on Saturday. It last changed hands at $3,203.10.
Ether and other cryptocurrencies, however, stand to gain much more from the crypto-friendly regulatory environment that Trump has promised and appears to be a priority for many in his inner circle. For example, one reason the spot bitcoin ETFs didn’t see as much success as bitcoin ETFs is because they don’t distribute staking rewards. Many in the industry are hopeful that will change next year.
Today’s crypto news underscores the sector’s dynamic nature, blending innovation, market reactions and the occasional pitfalls. As bitcoin reclaims the $30K mark and major players like PayPal delve deeper into the crypto realm, the intersection of traditional finance and digital currencies becomes ever more pronounced.