Crypto Market Pulse (05/06/2023)

Crypto.com obtains Major Payment Institution licence in Singapore; European Union formally signs MiCA regulation into law; MUFG’s issuance platform to be used for Japanese yen-pegged stablecoins.

Jun 05, 2023
Crypto Market Pulse

Weekly Market Index

Last week’s crypto market prices rose slightly by +1.16%. Volume increased by +7.80% while volatility dropped by -31.34%.

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Chart of the Week

In our latest feature report, we explore the world of memes, which in crypto are mainly represented by meme coins and NFTs. We found that meme coins can have a meteoric rise in price during the run-up phase, followed by a descent that is just as rapid. However, meme coins with larger market cap such as DOGE tend to be more resilient, with prices generally taking more days to decline. Check out the full report: “The Evolution of Memes and What Makes Them Successful.”

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Weekly Performance

Bitcoin (BTC) and Ethereum (ETH) were both down at -4.0% and -1.7%, respectively, in the past seven days. Other selected top-cap tokens also mostly fell.

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Key categories also fell slightly in the past seven days.

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News Highlights


Recent Research Reports

   
DownloadDownload (1)Bitcoin Ecosystem 4
The Evolution of Memes and What Makes Them Successful: What are memes, how have they evolved, and what makes them successful? We also explore the role they play in crypto and Web3, and what the future holds for memesMonthly Research Roundup (April 2023): In this issue, we feature trending market insights, and our latest research reports take a closer look into Bitcoin’s expanding ecosystem, specifically Layer 2s, DeFi, and NFTs.Bitcoin’s Expanding Ecosystem: Layer-2, DeFi, NFT: The landscape of the latest projects building on top of Bitcoin is expanding beyond payments. It now includes Layer-2 scaling solutions and key application categories like DeFi and NFTs.
 Download
 Download (1)
 Bitcoin Ecosystem 4
 The Evolution of Memes and What Makes Them Successful: What are memes, how have they evolved, and what makes them successful? We also explore the role they play in crypto and Web3, and what the future holds for memes
 Monthly Research Roundup (April 2023): In this issue, we feature trending market insights, and our latest research reports take a closer look into Bitcoin’s expanding ecosystem, specifically Layer 2s, DeFi, and NFTs.
 Bitcoin’s Expanding Ecosystem: Layer-2, DeFi, NFT: The landscape of the latest projects building on top of Bitcoin is expanding beyond payments. It now includes Layer-2 scaling solutions and key application categories like DeFi and NFTs.

Recent University Articles

   
Download (2)Image 37 CopyHow To Buy Btc Other Currencies Nologo Copy
What Is Cryptocurrency?: Still wondering what cryptocurrency actually is, how it works, and how to use it? We’ve got the answers in this crypto beginner’s guide.A Short History of Bitcoin Price: The price of BTC has experienced peaks and valleys ever since it launched in 2009. Learn all about Bitcoin’s price history.How to Buy Bitcoin and Other Cryptocurrencies: Wondering how to buy your first Bitcoin? Or cryptocurrency in general? Here’s a step-by-step guide on crypto buying for beginners.
 Download (2)
 Image 37 Copy
 How To Buy Btc Other Currencies Nologo Copy
 What Is Cryptocurrency?: Still wondering what cryptocurrency actually is, how it works, and how to use it? We’ve got the answers in this crypto beginner’s guide.
 A Short History of Bitcoin Price: The price of BTC has experienced peaks and valleys ever since it launched in 2009. Learn all about Bitcoin’s price history.
 How to Buy Bitcoin and Other Cryptocurrencies: Wondering how to buy your first Bitcoin? Or cryptocurrency in general? Here’s a step-by-step guide on crypto buying for beginners.

Catalyst Calendar

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Authors

Research and Insights Team

Disclaimer:

The information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties.

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Ethereum / Dogecoin / Dapp / Tokens