On Sunday, November 20, the total cryptocurrency market cap is $821 billion, 1.93% lower than yesterday. The market cap of DeFi coins has decreased by 1.83%.
Bitcoin, the leading cryptocurrency, has remained mostly unchanged, up 6% from a recent low of $15,828. Since Bitcoin has been trapped below $17,000 for days, there has been no significant movement in the asset.With trading volumes being so low, this was to be expected to some degree.
This has a domino effect on the alternative coins, with Ethereum (ETH) in particular struggling to maintain above $1,200.Let's have a look at the fundamental events impacting the cryptocurrency market today.
Grayscale's impending collapse is of greater concern now that the Bitcoin fund has refused to release proof of reserves.When asked why it couldn't publish its wallets on November 18, the investment firm used a Twitter thread to blame security concerns for the uproar.Read more on cryptonews.com