Some lesser-known altcoins like Polkadot (DOT) and Chainlink (LINK) have shown strong performance as BTC and ETH show some volatility.
The cryptocurrency market has seen a rapid dip following the previously-attained records. Despite having the market cap surpass $1 trillion, over $150 billion were quickly wiped off due to an unexpected flash crash. Since then, however, cryptocurrency prices have managed to recover.
The Anchorage Digital Bank will be the first Federally Chartered crypto bank setting up a new precedence in the growth of a crypto industry.
Big market players have started taking serious note of the world’s largest cryptocurrency as it makes its way to the mainstream financial market.
The JPMorgan analysts noted that the arrival of Bitcoin ETF can pull out institutional money from other BTC funds which might result in a short-term price fall.
In a massive market wide, over $150 billion were eroded from crypto markets in a matter of only few hours. BTC registered its first sharp fall this year in 2021.
During this week, the cryptocurrency market has continued its unstoppable bull run, with most coins growing in value. As expected, bitcoin remains the all-around champion, as the coin has surpassed the $40K mark.
Bitcoin (BTC) makes a historic surge rallying more than 50% in the first eight days of 2020 to hit a new high above $41,500 and out sizing giants like Facebook and Tesla.
In an unprecedented market rally, the overall crypto market cap surges past $1 trillion with Bitcoin hitting a new all-time high above $37,000.
The Ripple investors has requested the court for an expedited trial along with a temporary restraining order and preliminary injunction. It has requested for stopping Ripple on using its cash and other liquid assets until the settlement is made.