May 24, 11:00 pm
|Institutional Investors Seek Safe Haven In Crypto Products Amid Market U...|
Institutional investors have been a big part of the crypto market ever since they started investing in the market. Just like every other investors, institutional investors are not immune from the wild price fluctuations that characterizes the crypto market. This has resulted in big money looking for safe havens to move their money into while the worst of the market blows over. Sometimes, they turn to altcoins but this time around seem to have fond better luck with crypto products.
Outflows Rock Market
The recent recovery of the crypto market has been rocked once more by outflows. As prices had recovered, more investors had chosen to take profits and this had lead to more outflows. The previous week saw these outflows from digital investment products grow as high as $141 million in a single week, one of the largest in 2022. This had seen the total assets under management (AuM) decline towards one-year lows, now sitting at $38 billion. More Upside Coming?
Both Bitcoin and altcoins were not spared the onslaught. For the pioneer cryptocurrency, the inflow trend from the previous week had been swiftly reversed. It instead saw outflows totaling $154 million in a single week, making it th...
May 24, 9:30 am
|Polkadot Partners With Frank McCourt's Project Liberty to Democratize So...|
Leading interoperability blockchain network Polkadot has partnered with Frank McCourt's Project Liberty on the first implementation of the latter's Decentralized Social Networking Protocol (DSNP).
Democratizing Social Media Data
According to a press release shared with CryptoPotato, the new collaboration will see Project Liberty leverage Polkadot's...
May 23, 1:00 am
|Polkadot (DOT) Trades Beneath $11; How Soon Will It Target $14?|
Polkadot (DOT) has held itself for sometime at the current price level. The consistent downslide of major market movers have pushed many altcoins near their immediate support and below their nearest resistance levels. Recent market conditions have been quite harsh for investors.
The returns have been questionable. Polkadot (DOT) has witnessed a sha...
May 20, 2:25 pm
|Bitcoin Correlation to Wall Street Persists, Market Calms Down Following...|
In the wake of Terra's devastating collapse, the cryptocurrency market is taking a shot at recovery. In the past seven days, the total capitalization is up to $1.350 trillion, gaining roughly around $70 billion. Most cryptocurrencies trade well in the green, so let's unpack.
Starting with Bitcoin, the cryptocurrency seems rangebound between $28K an...