Why Is the Crypto Market Up Today?
The total crypto market cap (TOTAL) and Bitcoin (BTC) have grown over the past day, even as general market sentiment remains fearful. Ethereum-based SPX has led the altcoin market with double-digit gains over the past 24 hours.
In the news today:-
- Ethereum’s quarterly transaction fee revenue has dropped about 95% from its peak in Q4 2021, mainly due to lower Layer 2 contributions and a decline in NFT market activity.
- Coinbase avoided a supply chain attack that could have compromised its open-source infrastructure. The incident was flagged on March 23 by Yu Jian, founder of SlowMist, citing a report from Palo Alto Networks’ Unit 42.
Fearful Sentiment Fuels Buying Pressure
The Crypto Fear & Greed Index…
