Daily Market Update: November 21, 2023

November 21, 2023

BTC is currently trading around $36,900 and ETH around $2,000.  Notable gainers in the last 24 hours are XRD, MKR, and BNB.  The global crypto market cap is $1.45T, down 0.9% over the last day.  DeFi Total Value Locked is ~$47b and BTC dominance is around 53%.

Notable news includes: the US Department of Justice is reportedly seeking more than $4b from Binance as part of a deal that would end its ongoing criminal investigation and allow the exchange to continue operating, per Bloomberg; the SEC sued Kraken and accused it of running an unregistered exchange and commingling funds; Bittrex Global announced it will wind down operations following a series of regulatory challenges; crypto exchange Bullish acquired crypto-focused media publication Coindesk; Tether collaborated with OKX and the US DOJ to confiscate 225m USDT involved in a scam; and, oracle network Pyth airdropped tokens to the community yesterday.

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Matt Kunke, Research Analyst | TwitterTelegramLinkedIn
Brian Rudick, Senior Strategist | TwitterTelegramLinkedIn

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