Summary
The crypto market started the week positively with Bitcoin and ether trading higher. BlackRock’s entry into asset tokenization and the global central bank easing cycle boosted trader confidence. Other tokens like ICP, ONDO, and NEAR also saw gains.
Key Points
1. The crypto market started the week on a positive note, with Bitcoin trading at $67,000 and ether trading above $3,400, both showing gains of 3% and 2.3% respectively on a 24-hour basis.
2. Traders were encouraged by BlackRock’s entry into asset tokenization and the beginning of the global central bank easing cycle, leading to a 3.2% increase in the CoinDesk 20 (CD20), a measure of the most liquid cryptocurrencies.
3. Other tokens that saw gains on Monday included Internet Computer (ICP), Ondo Finance’s ONDO, and Near protocol (NEAR), with increases of 20%, 15%, and 15% respectively over the 24-hour period.