Crypto Market Pulse (29/05/2023)

Crypto being used to send money faster, according to Federal Reserve report. Beijing released a whitepaper to advance Web3 industry. Hong Kong to allow retail investors to trade crypto.

May 29, 2023
Crypto Market Pulse

Weekly Market Index

Last week’s crypto market prices rose slightly by +1.81%. Volume and volatility also increased by +1.71% and +91.63%, respectively.

Weekly Market Index 29 May

Chart of the Week

The recently released “Economic Well-Being of U.S. Households in 2022” report by the US Federal Reserve showed that out of those who used cryptocurrency to make financial transactions, the three most cited reasons for doing so were to send the money faster, the receiver preferred cryptocurrency, and privacy. 

Image8 6

Weekly Performance

Bitcoin (BTC) and Ethereum (ETH) were both up at +5.9% and +6.8%,respectively,in the past seven days. Other selected top-cap tokens also mostly rose.

Selected Top Cap Tokens Price Change 29 May

Key categories were up in the past seven days, with Artificial Intelligence the best performer.

Selected Categories Market Cap Change 29 May

News Highlights


Recent Research Reports

Research Roundup 2Alpha Navigator 1Bitcoin Ecosystem 4
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.Alpha Navigator: Quest for Alpha [April 2023]: Asset classes were generally flat in April, with cryptocurrency outperforming other assets. The US Federal Reserve could be on the cusp of ending its interest rate hike cycle.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.
Research Roundup 2
Alpha Navigator 1
Bitcoin Ecosystem 4
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.
Alpha Navigator: Quest for Alpha [April 2023]: Asset classes were generally flat in April, with cryptocurrency outperforming other assets. The US Federal Reserve could be on the cusp of ending its interest rate hike cycle.
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

Image 37 CopyHow To Buy Btc Other Currencies Nologo CopyWhat Is Erc20 Otp 1
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.What Are ERC-20 Tokens? All About Ethereum’s Most Important Token Standard]: ERC-20 is a token standard for fungible tokens on Ethereum. Learn what it is and how cryptocurrencies can be minted with it.
Image 37 Copy
How To Buy Btc Other Currencies Nologo Copy
What Is Erc20 Otp 1
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.
What Are ERC-20 Tokens? All About Ethereum’s Most Important Token Standard]: ERC-20 is a token standard for fungible tokens on Ethereum. Learn what it is and how cryptocurrencies can be minted with it.

Catalyst Calendar

Blockchain Launch and Upgrades 29 May
Macroeconomic Events 29 May

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Authors

Research and Insights Team


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Common Keywords: 

Ethereum / Dogecoin / Dapp / Tokens