Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, crypto investors have started to lose their speculative appetite amid rising scams and geopolitical uncertainties. Australia’s ruling government has promised action on crypto debanking as it announced a new crypto framework regulating exchanges. Meanwhile, Canary Capital is seeking regulatory approval to list an exchange-traded fund backed by Pudgy Penguins’ governance token.
Speculative appetite is vanishing from the crypto markets, as investors are looking for safer digital asset investments following the recent wave of memecoin scams and macroeconomic uncertainty.
Bitcoin’s hot supply metric, which measures the Bitcoin (BTC) aged one week or less, is down over 50%, from 5.9% at the end of November to just 2.3% on March 20, Glassnode data shows.
