Standard Chartered | Bitcoin Trading Desk

In a groundbreaking move that signals a shift in the banking industry’s approach to Bitcoin, Standard Chartered is setting up a Bitcoin trading desk in London.

This move positions the British multinational bank as one of the first global banks to offer direct spot trading in digital assets, marking a significant step forward in the mainstream adoption of Bitcoin.

Standard Chartered’s decision to establish a spot trading desk for Bitcoin is a notable development in the financial world.

Historically, banks have been hesitant to engage directly in digital assets trading due to stringent regulations. Instead, they have focused on trading derivatives tied to these assets….

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Strategic Moves in Bitcoin’s Market Dynamics

Understanding Bitcoin’s market value and its dominance index is crucial for making informed trading decisions. When both Bitcoin’s value and its dominance increase, it often indicates a potential bull market, suggesting a favorable time to buy Bitcoin. However, if Bitcoin’s value decreases while its dominance grows, it might be wise to sell altcoins, predicting a downturn for them even as Bitcoin holds steady.

Alternatively, a rise in Bitcoin’s value accompanied by a falling dominance index signals a strong performance among altcoins, potentially marking a good time to invest in them. On the other hand, if both the value and dominance of Bitcoin are on the decline, the broader cryptocurrency market might be entering a bear phase, prompting a strategy to sell both Bitcoin and altcoins to mitigate losses. These patterns provide crucial cues for traders looking to navigate the complex dynamics of the cryptocurrency markets effectively.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Check Out the Top Crypto Gainers of the Day

$1M – $10M MarketCap:

  1. Hypurr Fun (HFUN): 23%
  2. Artfi (ARTFI): 22%
  3. Argentine Football Association Fan Token (ARG): 17%
  4. Art de Finance (ADF): 16%
  5. OrangeDX (O4DX): 16%

$10M – $100M MarketCap:

  1. Niza Global (NIZA): 56%
  2. Lifeform (LFT): 41%
  3. jeo Boden (BODEN): 20%
  4. Artyfact (ARTY): 15%
  5. TrustSwap (SWAP): 14%

$100M – $1B MarketCap:

  1. XYO Network (XYO): 35%
  2. BakerySwap (BAKE): 18%
  3. Mog Coin (MOG): 15%
  4. MAGA (TRUMP): 14%
  5. MAGA Hat (MAGA): 14%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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LATEST: Solana’s User Base Skyrockets, Surpasses 30 Million Mark

Solana is capturing the crypto market’s attention, reaching a new milestone with over 30 million monthly active addresses. This surge in activity aligns with digital asset manager 3iQ’s proposal to launch North America’s first Solana-based ETF on the Toronto Stock Exchange. Approval of this ETF could usher in a new era for cryptocurrency investments, enhancing Solana’s visibility and appeal.

3iQ’s initiative to introduce a Solana ETF in Canada signifies a growing institutional interest, potentially drawing more investors to the blockchain. This move, combined with the increased network activity, suggests a bright future for Solana, which is already showing signs of recovery in its market price dynamics.

As Solana continues to thrive with significant market capitalization and total value locked, the upcoming ETF could further solidify its position as a major player in the blockchain ecosystem, fostering more innovation and adoption.

Evolution of Top Cryptocurrencies: 2017, 2021, and Today

Bitcoin has consistently maintained the top spot in the cryptocurrency market rankings during the peak years of 2017, 2021, and continues to lead today. Ethereum follows closely, retaining strong positions across these years. Notably, Ripple, ranked second in 2017, still remains a significant player despite ranking fluctuations.

BNB, which was not in the top ten in 2017, ascended to third by 2021 and holds its position. Solana, a newer entry, debuted impressively by 2021 and maintains its rank. Other cryptocurrencies like Polkadot and Dogecoin, absent in 2017, emerged strongly by 2021.

Shifts are evident as coins like Nem and IOTA, which were top contenders in 2017, have made way for new entrants such as Shiba Inu and Terra Luna. This demonstrates the cryptocurrency market’s dynamic nature, where investor interests and technological advancements lead to rapid changes in rankings over short periods.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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