Crypto Market Bounces Modestly as Bitcoin Approaches $84K
The crypto market experienced a modest bounce on September 29, with prices moving higher but not significantly. Bitcoin led the way, trading at $84,349.46 and up 1.65% in 24 hours, according to CoinMarketCap data. Ethereum also rose, by 2.47%, while other large coins followed suit.
Despite this upward trend, Bitcoin's market cap remains down 1.92% over the past seven days. The Fear & Greed Index currently reads 69, indicating a level of greed in the market. Top stories shaping the way ahead include the approval of Coinbase Clearing LLC as a USDC-native clearinghouse by the CFTC.
Coinbase's expansion into derivatives clears aims to provide fully collateralized futures, options on futures, and swaps with 24/7 settlement. Chainlink released CCIP 2.0, which adds optional verifiers for extra security in cross-chain transfers. The new protocol targets institutional users with built-in KYC, AML, and sanctions checks.