Auto Added by WPeMatico
BTC and altcoins could continue to see selling, but a positive is that traders took shelter in stablecoins instead of completely exiting the crypto market.
Samsung Asset Management acquired a 20% equity stake in the U.S. ETF provider Amplify Holding Company in March 2022.
This figure is expected to further balloon to 73% by the end of 2022, according to research from Accenture.
The total crypto market capitalization recovered roughly 5%, but a variety of trading metrics show investors are skeptical about the rally being a trend change.
Declining demand for Tether and negative futures premiums for altcoins reflect a growing disinterest from crypto investors.
India’s “blockchain, not crypto” stance has led to disastrous crypto policies, forcing several thriving crypto firms to relocate.
BTC, ETH and altcoin prices were crushed this week, but the futures funding rate shows retail traders are not ready to become permabears.
Several Indian cryptocurrency projects are planning to move their bases to more crypto-friendly jurisdictions.
Once known as a skeptical institution of crypto, HSBC originally announced its first major move into metaverse in mid-March.
Some of Indonesia's best-known celebs have helped fan the flames of interest in digital assets.