On Monday, cryptocurrency prices remained bearish amidst a dramatic drop in LUNA and UST. The global cryptocurrency market cap was $1.30 trillion, up from $1.14 trillion. Total crypto market volume fell from $80.16 billion to $79 billion


Nigeria's Securities and Exchange Commission has issued new rules to guide the issuance, custody, and exchange of digital assets and classify them as securities, which is a positive development in the crypto space. Nonetheless, the Terra ecosystem collapse remained one of the top stories in the previous week.


Let's delve deeper and take a quick look at the latest crypto market news and Bitcoin's technical outlook.

Crypto Market Overview
Bitcoin dominance has soared to 44.4% up from 40.60% last week. The leading cryptocurrency by the market was trading at $30,426 while Ethereum, the second-largest cryptocurrency by market capitalization, has plunged by 15.88% in the past seven days. On Monday, it was trading at $2,076.89, a 3.27% surge in 24 hours.


Maker (MKR), Pax Dollar (USDP), and Binance USD (BUSD) remained the top performers from the previous week. Maker increased by more than 29% to trade at $1,517.75, while Pax Dollar increased by 0.50% in the last seven days, maintaining a $1 peg.

https://www.fxmag.com/crypto/weekly-crypto-analysis-luna-triggers-c...