WMA: Market Takes a Dip After SEC Targets Crypto Staking Regulations
Get the weekly summary of crypto market Analysis , news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $1,018 trillion. Bitcoin is down by nearly 6% after intense seesawing this week. Ethereum decreased by almost 8% over the past seven days. XRP lost more than 5% in value this week. Almost all altcoins are trading in the red, with a few exceptions. The DeFi sector increased the total value of protocols (TVL) to around $48 billion. Crypto Trends 06 – 12 February 2023: Market Analysis and Performance This week, the crypto market took a considerable blow after the Securities and Exchange Commission (SEC) cracked down on crypto staking. One of the most popular DeFi activities may soon be under strict regulations, enough to negatively impact the entire industry. This development led to an overall drop in the market capitalization of $60 billion. Nevertheless, the market cap remains above the $1 trillion mark for n...