Trading Desk Market Update: 3/21

March 21, 2022

BTC is currently trading around $41,200 and ETH around $2,900.  Notable gainers in the last 24 hours are DASH, CVX, and XEM.  The global crypto market cap is $1.95T, down 0.6% over the last day.  DeFi Total Value Locked is ~$209b and BTC dominance is around 43%.

BTC is down 1% from Friday’s close after a quiet weekend.  Notable news includes: the Australian government released a consultation paper defining cryptocurrencies and outlining its plan to impose a regulatory framework; The Central Bank of Russia recommended that commercial banks increase the monitoring of user transactions to counteract the circumvention of currency controls; The Qatar Central Bank is investigating launching a digital currency and issuing digital bank licenses; and, EIP-1559 has burned over 2m ether.

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