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The cryptocurrency market is buzzing with activity this Monday, November 20, as prices take an optimistic turn upwards. Investors are back in the game, driven by a hopeful outlook and the excitement around a possible Bitcoin Spot ETF approval. But the landscape isn’t all smooth sailing. Just last week, the market took a step back, as traders hit the brakes amidst growing uncertainty. This cautious mood has been further stirred by the SEC dragging its feet on decisions regarding ETFs, including BlackRock and Fidelity‘s recent Ethereum ETF proposal. All eyes are now on the upcoming FOMC minutes, expected to drop some hints about where the economy stands and what moves the Fed might make next.
Focusing on individual cryptocurrencies, Bitcoin has shown resilience by climbing back above the $37,000 mark, bolstered by a 20% increase in trading volume. Ethereum isn’t far behind, crossing the $2,000 threshold again. Cardano (ADA) and Litecoin (LTC) are also making moves, with ADA seeing a 3% rise even as its trading volume dips 10%, and LTC inching up more than 1%, albeit with a 46% drop in trading activity. The market’s mood, gauged by the fear and greed index, is leaning heavily towards greed at a score of 72, hinting at the high stakes and high hopes in the crypto world.
Amidst these giants, there’s a newcomer catching the eye: ScapesMania (MANIA). This fresh face in the crypto scene is turning heads with its unique approach. It’s not just another coin; this presale project is building a whole gaming ecosystem, powered by DAO governance. With a team that’s not afraid to show their faces and a strategy that promises to reward its community generously, MANIA could very
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Author: Crypto Daily
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