In another exciting development, global payments giant PayPal is set to launch PayPal USD, a stablecoin tied to the U.S. dollar. Top Gainer (24 Hour)Cryptocurrency Gains +/- Price (Recorded 9:30 p.m. EDT) Pepe Coin +7.48% $0.000001189 Shiba Inu +7.00% $0.000009556 THORChain +6.30% $1.01Currently, the global crypto market capitalization stands at $1.19 trillion, a 2.11% increase in the last day. See More: Best Crypto Day Trading StrategiesAnalyst Notes: “Bitcoin appears to be lifeless despite several market moving headlines. Risk aversion from weakening global growth concerns is not dragging Bitcoin down,” said OANDA Senior Market Analyst Edward Moya. He added, “Perhaps some traders remain upbeat, especially after PayPal launched a US dollar-backed stablecoin.
