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- Crypto Market Overview for January 31,2024
Crypto Market Overview for January 31,2024

Welcome to another exciting edition of CRYPTO INSIDER! 📰✨
In today's newsletter, we'll be bringing you the latest updates, insights, and inspiration to kickstart your day. From breaking news and market trends to helpful tips and thought-provoking content, we've curated a daily dose of information to keep you informed and motivated.
Get ready to dive into today's highlights:
MARKET OVERVIEW (Today's Cryptocurrency Prices by Market Cap)
The global crypto market cap is $1.55T, a 0.40% decrease over the last day.
The total crypto market volume over the last 24 hours is $47.14B, which makes a 21.78% decrease. The total volume in DeFi is currently $3.82B, 8.10% of the total crypto market 24-hour volume. The volume of all stable coins is now $42.81B, which is 90.82% of the total crypto market 24-hour volume.
Bitcoin’s dominance is currently 50.52%, an increase of 0.13% over the day.

CoinList to Begin Meson Community Sale in February
The network’s utility and governance token MSN offers users access to bandwidth and big-data services.
CoinList, a premier platform for token sales and blockchain projects, has recently announced the Meson Community Sale, set to kick off on February 8, at 18:00 UTC. This event presents an opportunity for investors to participate in the growth of the Meson Network, a decentralized bandwidth trading marketplace on Web3.
Bitcoin Holds Above $40K Ahead of U.S. GDP, $5.8B Crypto Options Expiry
Bitcoin [BTC] looked to establish a foothold above $40,000 during Thursday's European trading hours, with the dollar index trading flat ahead of the highly-anticipated U.S. fourth-quarter gross domestic product (GDP) data.
At 09:38 UTC, the leading cryptocurrency by market value changed hands at $40,100, having tested dip demand near $38,500 early this week. The dollar index, which gauges the greenback's value against major fiat currencies, consolidated near 103.70, down from highs around 103.82 reached Monday.
Traders have been rethinking prospects of early Fed rate cuts amid the ongoing inflationary crisis in the Red Sea. According to the Fed funds futures, traders now see a 50% chance of a Fed rate cut in March, down from 80% a month ago.
Further adjustments may be seen later today following the release of the U.S. GDP at 13:30 UTC. The data is expected to show the world's largest economy's GDP at a 2% seasonally adjusted annualized pace in the final three months of 2023, retreating from the 4.9% in Q3 and the lowest reading since the second quarter of 2022, according to CNBC.
Stay tuned for tomorrow's updates as we bring you the latest news and information. We will keep you informed and provide you with all the necessary details.
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