• bitcoinBitcoin (BTC) $ 95,438.00
  • ethereumEthereum (ETH) $ 3,611.06
  • xrpXRP (XRP) $ 2.58
  • tetherTether (USDT) $ 0.999963
  • solanaSolana (SOL) $ 226.08
  • bnbBNB (BNB) $ 646.85
  • dogecoinDogecoin (DOGE) $ 0.414811
  • cardanoCardano (ADA) $ 1.26
  • usd-coinUSDC (USDC) $ 0.999864
  • staked-etherLido Staked Ether (STETH) $ 3,606.15
  • avalanche-2Avalanche (AVAX) $ 50.76
  • tronTRON (TRX) $ 0.227328
  • shiba-inuShiba Inu (SHIB) $ 0.000029
  • the-open-networkToncoin (TON) $ 6.62
  • stellarStellar (XLM) $ 0.531291
  • chainlinkChainlink (LINK) $ 24.79
  • wrapped-stethWrapped stETH (WSTETH) $ 4,289.68
  • polkadotPolkadot (DOT) $ 9.86
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 95,294.00
  • hedera-hashgraphHedera (HBAR) $ 0.341801
  • bitcoin-cashBitcoin Cash (BCH) $ 531.30
  • suiSui (SUI) $ 3.49
  • wethWETH (WETH) $ 3,608.72
  • litecoinLitecoin (LTC) $ 128.81
  • nearNEAR Protocol (NEAR) $ 7.24
  • pepePepe (PEPE) $ 0.000020
  • uniswapUniswap (UNI) $ 14.02
  • leo-tokenLEO Token (LEO) $ 8.78
  • aptosAptos (APT) $ 14.10
  • wrapped-eethWrapped eETH (WEETH) $ 3,803.49
  • internet-computerInternet Computer (ICP) $ 13.67
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.698482
  • usdsUSDS (USDS) $ 0.998843
  • crypto-com-chainCronos (CRO) $ 0.200662
  • vechainVeChain (VET) $ 0.063586
  • ethereum-classicEthereum Classic (ETC) $ 33.18
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.86
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • render-tokenRender (RENDER) $ 9.01
  • algorandAlgorand (ALGO) $ 0.546073
  • bittensorBittensor (TAO) $ 615.03
  • filecoinFilecoin (FIL) $ 7.25
  • arbitrumArbitrum (ARB) $ 1.05
  • kaspaKaspa (KAS) $ 0.156865
  • cosmosCosmos Hub (ATOM) $ 9.68
  • daiDai (DAI) $ 1.00
  • blockstackStacks (STX) $ 2.38
  • aaveAave (AAVE) $ 232.77
  • fantomFantom (FTM) $ 1.24
  • immutable-xImmutable (IMX) $ 2.04
  • celestiaCelestia (TIA) $ 7.75
  • whitebitWhiteBIT Coin (WBT) $ 23.27
  • okbOKB (OKB) $ 54.26
  • mantra-daoMANTRA (OM) $ 3.56
  • bonkBonk (BONK) $ 0.000042
  • dogwifcoindogwifhat (WIF) $ 3.19
  • optimismOptimism (OP) $ 2.53
  • injective-protocolInjective (INJ) $ 32.37
  • moneroMonero (XMR) $ 170.90
  • mantleMantle (MNT) $ 0.898035
  • hyperliquidHyperliquid (HYPE) $ 8.91
  • the-graphThe Graph (GRT) $ 0.299989
  • theta-tokenTheta Network (THETA) $ 2.81
  • sei-networkSei (SEI) $ 0.659783
  • ethenaEthena (ENA) $ 0.819658
  • worldcoin-wldWorldcoin (WLD) $ 3.32
  • ondo-financeOndo (ONDO) $ 1.65
  • thorchainTHORChain (RUNE) $ 6.55
  • bitget-tokenBitget Token (BGB) $ 1.58
  • flokiFLOKI (FLOKI) $ 0.000227
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,619.16
  • galaGALA (GALA) $ 0.051660
  • kaiaKaia (KAIA) $ 0.361315
  • based-brettBrett (BRETT) $ 0.193599
  • pyth-networkPyth Network (PYTH) $ 0.531750
  • makerMaker (MKR) $ 2,150.48
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.995888
  • the-sandboxThe Sandbox (SAND) $ 0.774354
  • flare-networksFlare (FLR) $ 0.035322
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,045.12
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 95,389.00
  • jasmycoinJasmyCoin (JASMY) $ 0.037036
  • arweaveArweave (AR) $ 26.72
  • flowFlow (FLOW) $ 1.11
  • iotaIOTA (IOTA) $ 0.478880
  • eosEOS (EOS) $ 1.12
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,790.96
  • lido-daoLido DAO (LDO) $ 1.86
  • tezosTezos (XTZ) $ 1.60
  • starknetStarknet (STRK) $ 0.715090
  • jupiter-exchange-solanaJupiter (JUP) $ 1.18
  • matic-networkPolygon (MATIC) $ 0.698792
  • beam-2Beam (BEAM) $ 0.029173
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,712.28
  • kucoin-sharesKuCoin (KCS) $ 12.44
  • heliumHelium (HNT) $ 8.61
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 95,309.00
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.46
  • raydiumRaydium (RAY) $ 5.00
  • axie-infinityAxie Infinity (AXS) $ 9.31
  • bitcoin-svBitcoin SV (BSV) $ 73.29
  • gatechain-tokenGate (GT) $ 11.48
  • coredaoorgCore (CORE) $ 1.51
  • bittorrentBitTorrent (BTT) $ 0.000001
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,720.17
  • ethereum-name-serviceEthereum Name Service (ENS) $ 40.82
  • neoNEO (NEO) $ 19.09
  • elrond-erd-2MultiversX (EGLD) $ 48.08
  • decentralandDecentraland (MANA) $ 0.696017
  • peanut-the-squirrelPeanut the Squirrel (PNUT) $ 1.28
  • dydx-chaindYdX (DYDX) $ 1.80
  • aioz-networkAIOZ Network (AIOZ) $ 1.12
  • popcatPopcat (POPCAT) $ 1.29
  • apecoinApeCoin (APE) $ 1.66
  • msolMarinade Staked SOL (MSOL) $ 280.11
  • xdce-crowd-saleXDC Network (XDC) $ 0.077332
  • aerodrome-financeAerodrome Finance (AERO) $ 1.63
  • tokenize-xchangeTokenize Xchange (TKX) $ 13.71
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,613.50
  • zcashZcash (ZEC) $ 71.16
  • chilizChiliz (CHZ) $ 0.116813
  • conflux-tokenConflux (CFX) $ 0.232428
  • fasttokenFasttoken (FTN) $ 3.17
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 95,406.00
  • mina-protocolMina Protocol (MINA) $ 0.874263
  • binance-staked-solBinance Staked SOL (BNSOL) $ 229.88
  • akash-networkAkash Network (AKT) $ 4.11
  • ecasheCash (XEC) $ 0.000051
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 3,791.72
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 94,548.00
  • pendlePendle (PENDLE) $ 5.92
  • curve-dao-tokenCurve DAO (CRV) $ 0.764691
  • wormholeWormhole (W) $ 0.346944
  • nexoNEXO (NEXO) $ 1.45
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 239.49
  • axelarAxelar (AXL) $ 1.08
  • notcoinNotcoin (NOT) $ 0.009062
  • pancakeswap-tokenPancakeSwap (CAKE) $ 3.18
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 95,011.00
  • ordinalsORDI (ORDI) $ 42.76
  • havvenSynthetix Network (SNX) $ 2.70
  • mog-coinMog Coin (MOG) $ 0.000002
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.415608
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.009312
  • oasis-networkOasis (ROSE) $ 0.121676
  • dydxdYdX (ETHDYDX) $ 1.81
  • zksyncZKsync (ZK) $ 0.222263
  • roninRonin (RON) $ 2.18
  • blurBlur (BLUR) $ 0.386167
  • grassGrass (GRASS) $ 3.21
  • nervos-networkNervos Network (CKB) $ 0.017195
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,607.95
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000141
  • compound-governance-tokenCompound (COMP) $ 85.48
  • usddUSDD (USDD) $ 0.998302
  • neiro-3Neiro (NEIRO) $ 0.001796
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,609.26
  • arkhamArkham (ARKM) $ 2.33
  • goatseus-maximusGoatseus Maximus (GOAT) $ 0.721730
  • kavaKava (KAVA) $ 0.666411
  • eigenlayerEigenlayer (EIGEN) $ 3.81
  • gnosisGnosis (GNO) $ 272.85
  • reserve-rights-tokenReserve Rights (RSR) $ 0.013053
  • layerzeroLayerZero (ZRO) $ 6.18
  • kusamaKusama (KSM) $ 43.09
  • safeSafe (SAFE) $ 1.32
  • echelon-primeEchelon Prime (PRIME) $ 13.06
  • 1inch1inch (1INCH) $ 0.496640
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,913.74
  • tether-goldTether Gold (XAUT) $ 2,648.05
  • superfarmSuperVerse (SUPER) $ 1.45
  • zilliqaZilliqa (ZIL) $ 0.033943
  • dashDash (DASH) $ 53.51
  • book-of-memeBOOK OF MEME (BOME) $ 0.009371
  • fraxFrax (FRAX) $ 0.993609
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.006433
  • moo-dengMoo Deng (MOODENG) $ 0.638113
  • holotokenHolo (HOT) $ 0.003522
  • astarAstar (ASTR) $ 0.083818
  • bitcoin-goldBitcoin Gold (BTG) $ 35.10
  • super-oethSuper OETH (SUPEROETHB) $ 3,609.07
  • amp-tokenAmp (AMP) $ 0.007450
  • bazaarsBazaars (BZR) $ 9.75
  • woo-networkWOO (WOO) $ 0.321107
  • enjincoinEnjin Coin (ENJ) $ 0.334655
  • theta-fuelTheta Fuel (TFUEL) $ 0.087660
  • stepnGMT (GMT) $ 0.232099
  • snekSnek (SNEK) $ 0.008004
  • creditcoin-2Creditcoin (CTC) $ 1.44
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000028
  • livepeerLivepeer (LPT) $ 16.08
  • qubic-networkQubic (QUBIC) $ 0.000005
  • iotexIoTeX (IOTX) $ 0.060467
  • apenftAPENFT (NFT) $ 0.00000057
  • dexeDeXe (DEXE) $ 9.86
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 95,197.00
  • celoCelo (CELO) $ 1.00
  • beldexBeldex (BDX) $ 0.079819
  • 0x0x Protocol (ZRX) $ 0.646291
  • frax-etherFrax Ether (FRXETH) $ 3,605.30

400-year-old bank says Bitcoin set to reclaim finance sector spotlight

0 247

400-year-old bank says Bitcoin set to reclaim finance sector spotlight

Bitcoin (BTC) is still in the process of emerging from last year’s crypto winter, a situation that saw some attention move away from the maiden cryptocurrency. The uncertainty regarding the general economy has also compounded Bitcoin’s recovery.

Despite the uncertainty, 400-year-old German investment bank Berenberg has stated that Bitcoin is set to reclaim the spotlight in the world of cryptocurrencies and general finance sector after fading in the wake of bear market, Coindesk reported on April 28.

Interestingly, the bank acknowledged that Bitcoin’s status in the crypto market had been relinquished to other digital assets and projects in recent years.

The bank’s bet on Bitcoin is rooted in a research report that outlines several factors that could elevate the cryptocurrency’s status in the coming months. The report sheds light on the increasingly stringent regulatory environment in the United States, which puts almost every token at risk of being classified as a security and subjected to enforcement action.

However, Bitcoin’s unique design, characterized by decentralization and transparency, makes it an exception to this regulatory crackdown.

The report comes at a time Bitcoin has experienced a price rally in recent weeks, with the asset partly inspired by the US banking crisis. Therefore, the bank views the rally as a sign that more investors are considering Bitcoin as a ‘sensible alternative’ among digital assets and the general finance sector.

Benefits from global de-dollarization

Furthermore, the lender suggested that with other global economies attempting to abandon the dollar as the world’s reserve currency, Bitcoin’s value proposition as an alternative to traditional currencies may rise.

The report also notes that the next Bitcoin halving, slated for May 2024, is another possible catalyst for a Bitcoin rally.

“If history is any guide, then Bitcoin could rally ahead of and after this much-anticipated halving,” the report said.

Finally, the bank emphasized the growing importance of the Bitcoin blockchain and how the widespread adoption of the Lightning Network has demonstrated it. Notably, the Bitcoin Lightning Network is a second-layer solution for the Bitcoin blockchain that enables almost-instant transactions with low fees.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Source

Leave A Reply

Your email address will not be published.