- Carl Quintanilla tweeted a quote by Yardeni Research today.
- The quote related to the “bubble of everything” popping with minimal consequences.
- The prices of ETH and BTC have risen over the last 24 hours.
Journalist Carl Quintanilla (@carlquitanilla) tweeted a quote from the economy and markets analysis firm, Yardeni Research, today. The tweet relates to the overall “bubble” in the global financial and crypto markets, and adds that the “bubble of everything has burst without dire consequences so far.”
In addition, the post questions whether “lags in monetary policy will destabilize the financial markets in 2023.” According to the economy and markets analysis platform, it is unlikely that this will be the case for the markets in 2023.
Focusing on just the crypto markets, the global crypto market cap has risen 0.19% over the last 24 hours according to the crypto market tracking website, CoinMarketCap. Currently, the global crypto market cap stands at $842.17 billion.
The two leading cryptos in terms of market cap have seen their prices rise over the last 24 hours. At press time, the price of Bitcoin (BTC) stands above the $17k barrier at $17,171,85 following a 1.42% rise over the last 24 hours.
BTC’s trading volume has also risen. Its daily trading volume stands at $18,523,895,779 at press time. This is a 7.51% increase compared to the day prior. Furthermore, BTC’s dominance in the market has also risen by 0.40%, and now stands at 39.13%.
Meanwhile, Ethereum (ETH) is trading at $1,266.87 after its price rose 1.59% over the same time period. The leading altcoin’s daily trading volume has also increased by more than 19% to now stand at approximately $5,074,199,536.
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