Strengths
Of the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was Sweet SOL, rising 1,027%.
Sumitomo Mitsui Trust Holdings is teaming up with a Japanese crypto firm to create a trust company to manage digital assets for institutional investors, writes Bloomberg. The bank has signed a memorandum of understanding with crypto exchange operator bitbank inc. to offer custody services for public blockchain-based crypto assets, including NFTs.
Bitcoin is regaining its dominance in the cryptocurrency universe. It now accounts for 44% of total crypto market value, the most since October 2021. Bitcoin's renewed hegemony reflects how the collapse of the TerraUSD stablecoin earlier this month has ravaged smaller tokens like Avalanche and Solana, writes Bloomberg.
Weaknesses
Of the cryptocurrencies tracked by CoinMarketCap, the worst performing for the week was Tifi Token, down 100%.
Bitcoin drifted near the $30,000 level that it has been hovering around since the...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...