Trading Desk Market Update: 12/2

December 2, 2021

BTC is currently trading around $57,100 and ETH around $4,600.  Notable gainers in the last 24 hours are LUNA, ADA, and MIOTA.  The global crypto market cap is $2.77T, down 2.4% over the last day.  DeFi Total Value Locked is ~$275b and BTC dominance is around 42%.

Cryptocurrency prices fell yesterday following news of the first confirmed US case of the new Omicron Covid variant in California.  Other headlines include: Payments firm Square is changing its name to Block as it pushes further into blockchain technology; FTX.US now lists Ethereum NFTs on its dedicated NFT marketplace; the city of Miami will begin monitoring air quality using PlanetWatch’s decentralized IoT network technology; and Bitcoin DeFi protocol Badger DAO suffered an exploit, with news reports putting the total between $10m and $120m.

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