Dear Readers,

At the time of writing this article the global crypto marketcap stands at USD 1.56 Trillions which is a decrease of 1.39% from yesterday.

• The recent FED move to pause the interest rate and the possible cut of the interest rate in 2014, triggered the crypto market to go up and signaled a positive sign across the global crypto markets. 
• BTC was trading at USD 41373 while ETH trades at USD 2158.
• Compared to the overall crypto market ( down over 1.39%) both the stable coins BTC (0.50% down) and ETH (0.45% down) are trading steadily.
• BTC is trading with the strong support at this level. If BTC slips to trade below USD 40000 it will slip easily to USD 38000.
• If ETH slips USD 2060, it may go down even to USD 1700 as well.
• All eyes are on the Spot BTC ETF application decision by next month. If it gets approved there will be a pump in the price of BTC and the markets as well which were covered in my previous article. 
• While the Cryptoexchange Coinbase's appeal was rejected by SEC to regulate the crypto market with new laws, SEC categorically said that the present laws would govern the Crypto Industry. 
• The Solana based meme coin BONK was the headlines all over the last week as it hiked more than 100% due to the news that the Solana based mobile phone sales increased in US and the listing of BONK in the coinbase exchange.  Currently BONK trades at USD 0.0000196 (`7% low in the past 24 hours).
• Interestingly the other famous meme coins- DOGE Coin trades at No 10, while Shiba Inu (SHIB) trades at No:16 according to their market caps. 
• The strategic move by ChatGPT CEO Sam Altman, the price of the WorldCoin (WLD) spiked a lot. It also witnessed the users base over 2.6 million across the globe who have scanned their irises- retina scan with their ORB application. Currently WLD trades at USD 3.91 with a decrease of 7.86% in the past 24 hours.  
• Polygon (MATIC), hits again in the headlines as it has launched its latest innovation, Polygon Portal- a transformation in the Web 3 Space. 
• Amidst Ripple's ongoing legal battle with SEC, its CEO Brad announced that he would be backed to the US Presidential Candidates who would be keen with pro-innovation and with pro-crypto interests. This comes in the wake of the forthcoming US Presidential elections in 2024. 
• FTX is also working out with settlement plans to the creditors and investors to end with its bankruptcy case in the US. 

Let's hope the year 2024 brings some cheers in the global Crypto market!