What Happened in the Crypto Markets Today – 26 October Review


Nearly 50% of millennials and Gen Zs want to incorporate crypto into retirement savings. At the same time, Moldovan authorities banned crypto. diggingAnd Amazon users ready to pay for orders using Venmo — these and other stories in our market news roundup for October 26, 2022.

Price Action of Leading Market Cap Cryptos

According to TradingView, as of press time, bitcoin is trading at $20,741. In the past 24 hours, it reached a trough of $20,036.39 and a peak of $21,001.

crypto market bitcoin price
Source: TradingView

Ethereum, the second largest cryptocurrency by market capitalization, started the day in an uptrend, peaking at $1,593 in the past 24 hours.

crypto market ethereum price
Source: TradingView

Five of the top ten crypto assets by market capitalization recorded positive behavior in the last 24 hours and eight in the last seven days. Dogecoin is the biggest 24-hour gainer, registering a 9.69% price increase, while Ethereum is the biggest seven-day gainer, registering a 19.75% increase.

crypto market top 10
Source: CoinMarketCap

Among the top 100 cryptocurrencies by market cap, Toncoin has gained the most over the past 24 hours and seven days. It has increased by 17% and 52.8%, respectively, over that time frame. Quant is down 4.08% in the last 24 hours. This is the biggest drop among all the top 100 cryptos. MKR, the governance token of the MakerDAO protocol, fell the most in the past seven days, down 13.3%.

main crypto news on 26 october

  • Users of Amazon, one of the most prominent e-commerce platforms, will be able to to pay For purchases using cryptocurrencies with Venmo. This information was revealed in a Press release,

Amazon representatives say customers can use Venmo to pay for purchases on Amazon.com and the Amazon mobile app starting November 25, 2022. Remember that PayPal owns Venmo. Amazon shares rose 7% after the news.

The Local Emergencies Commission decided to ban mining. It also prohibits importing equipment or engaging in any activity related to mining.

  • according to a study According to analysts at Schwab Workplace Financial Services, nearly 50% of millennials and Gen Zs want to add crypto to their retirement portfolio.

Gen Z refers to people born between 1997 and 2012 or 1990 and 2010. It depends on which system you are looking at. Millennials include people born between 1981 and 1996 or 1980-1990.

The study authors also found that 43% of Gen Zs and 47% of Millennials invest in crypto. This while saving for retirement by using 401(k) plans.

BeInCrypto recently reported that twitter was allegedly Developing your own crypto wallet.

be for[In]latest of crypto Bitcoin (BTC) analysis, click here

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