Announcements Gate Research: Bitcoin Market Share Hits a 3-Year High at 60.5%; NFT Trading Volume in October Up 18% From Last Month

Gate Research: Bitcoin Market Share Hits a 3-Year High at 60.5%; NFT Trading Volume in October Up 18% From Last Month

2024-11-04 09:51:57 UTC 7556 Read

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Gate Research Daily Report (November 4 ): BTC and ETH prices experienced a decline over the weekend, with BTC dropping below $70,000. The S&P 500 index rose by 0.41%, the Nasdaq increased by 0.80%, and the Dow Jones gained 0.69%. In the U.S., Bitcoin and Ethereum spot ETFs saw net outflows of $54.94 million and $10.93 million, respectively. Bitcoin's market share reached 60.5%, marking a nearly three-year high. Radiant Capital has resumed its lending market on the Base network. Between November 1 and 4, three projects announced funding, totaling over $9 million.

**Market Analysis**: BTC and ETH prices fell over the weekend, with BTC dropping below $70,000.
**Top Performers**: The most notable tokens in the past 24 hours were KYVE, UDS, and BZZ, with daily increases of approximately 159%, 136.6%, and 17%, respectively.
**Data Highlights**: Bitcoin's market share reached 60.5%, the highest in nearly three years.
**Spotlight Analysis**: Paxos has launched a compliant stablecoin, the Global Dollar (USDG), in partnership with DBS Bank to ensure fund security.
**Market Opportunities**: Three projects have announced funding, with the highest amount being $4.5 million, covering sectors such as security solutions, infrastructure, and DAO solutions.

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Nov 5th, 2024

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Gate Research: Bitcoin Market Share Hits a 3-Year High at 60.5%; NFT Trading Volume in October Up 18% From Last Month

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