BTC, ETH, ADA, BNB, XRP, SOL, DOGE, DOT, UNI, LINK

189
SHARES
1.5k
VIEWS
ADVERTISEMENT


Bitcoin (BTC) eventually broke above the $ 50,500 resistance and Ether (ETH) surged above the $ 4,000 mark. This suggests that interest in cryptocurrencies is growing and several legacy financial firms are taking steps to meet this growing demand.

One of the world’s largest independent wealth managers, Franklin Templeton, has posted new applications for middle to senior positions in crypto trading and research, according to LinkedIn job postings.

In Japan, the financial conglomerate SBI Holdings is planning to set up one of the country’s first crypto funds by the end of November. Tomoya Asakura, director and senior managing executive officer at SBI, said the launch of a second fund will be considered based on the success of the first fund.

Daily performance of the cryptocurrency market. Source: Coin360

As crypto traders cheer the recent surge in several altcoins, JPMorgan analysts have warned their clients that the altcoin rally and non-fungible tokens (NFT) are getting frothy.

The analysts said the altcoins share of crypto market trading has increased from 22% in early August to 33%, which is high compared to historical standards. They believe the reason is “foam and retail investor ‘mania” rather than a structural uptrend. “

Could Bitcoin hold above $ 50,500 and continue its upward trend, or will Altcoins remain in focus? Let’s check out the top 10 cryptocurrency charts to find out.