The past week was somewhat positive for the entire cryptocurrency market, both in terms of pricing and overall developments. While the meltdown of FTX looms over the industry and most market participants are still afraid of contagion, the total capitalization added over $10 billion amid ongoing developments.
First things first, this week’s overall increase doesn’t come on the back of Bitcoin, which is actually down about 1% over the period. The cryptocurrency attempted a push toward $17K but was quickly halted and has descended to where it’s currently trading at around $16,500.
Meanwhile, BNB is up a whopping 12% over the same period. It’s now solidly trading around the pivotal $300 mark and instills confidence in the market. This comes as Binance – the world’s leading exchange – recently launched a system for cryptographic proof-of-reserves. Initially working only with Bitcoin, the team vowed to add other cryptocurrencies in the next couple of weeks. This is a big move,
We współpracy z: https://cryptopotato.com/binance-leads-por-effort-bitcoins-battle-above-16k-and-crypto-markets-attempt-at-recovery-this-weeks-recap/
