5 Ways to Increase Acceptability of Cryptocurrency: From Skepticism to Mainstream Adoption
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2022-05-13 | Selina Mathew
Bitcoin's price is presently $29,979.68, with a 44.81 percent market share. This was a rise of 0.74 percent from the previous day.
On May 13, just a few cryptocurrencies traded in the red, while others showed indications of recovery. The worldwide cryptocurrency market capitalization is currently $1.27 trillion, up 2.36 percent from the previous day. The overall crypto market volume increased by 869.28 percent in the previous 24 hours to $2.12 trillion.
The overall volume in DeFi is presently $1.94 trillion, accounting for 91.89 percent of the entire 24-hour volume in the crypto market. The overall volume of all stable currencies is currently $2.10 trillion, accounting for 99.09 percent of the entire 24-hour volume of the crypto market.
Bitcoin's price is presently $29,979.68, with a 44.81 percent market share. This represents a 0.74 percent rise over the previous day.
In other developments, a top watchdog official has stated that global market regulators are expected to establish a single agency within the next year to better coordinate cryptocurrency laws.
The rise of digital currencies like bitcoin, according to Ashley Alder, chair of the International Organization of Securities Commissions (IOSCO), is one of the three primary topics authorities are currently focusing on, alongside COVID-19 and climate change.
He identified cyber security, operational resilience, and a lack of transparency in the crypto sector as important issues that authorities are failing to address.
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