Last week’s crypto market prices rose by +12.67%. Volume and volatility also increased by +33.40% and +52.43%, respectively.
Sources: Crypto.com Research, Crypto.com Price Notes: Based on market-cap adjusted index of selected top-cap tokens
Chart of the Week
Bitcoin’s dominance (the measure of how much Bitcoin makes up of the total crypto market cap) has been rising and has reached 50% for the first time in two years.
Weekly Performance
Bitcoin (BTC) and Ethereum (ETH) were up +14.4% and +8.8%, respectively,in the past seven days. Other selected top-cap tokens also rose across the board.
Key categories were all up in the past seven days.
The Monetary Authority of Singapore (MAS), in collaboration with the International Monetary Fund and other central banks, is proposing common conditions for retail payments with digital money on a distributed ledger. The MAS said retailer Amazon.com and superapp creator Grab are among those collaborating on a pilot to test escrow arrangements for online retail transactions.
Research Roundup Newsletter [May 2023]: In our latest issue of Research Roundup, we feature trending market insights in May, charts of the month, and our latest research reports exploring memes — what makes them successful, their role in crypto and Web3, and the resurgence of meme mania.
The Evolution of Memes and What Makes Them Successful:What are memes, how have they evolved, and what makes them successful? We also explore the role they play in crypto and Web3, and what the future holds for memes.
Alpha Navigator: Quest for Alpha [May 2023]: Asset classes mostly dipped in May and crypto remains the best performer YTD. US debt ceiling dispute defused. Interest rate decisions from multiple central banks in the coming month.
Recent University Articles
Bitcoin Scalability: Challenges and Solutions: This article explores the various challenges associated with Bitcoin’s scalability problem, with potential solutions while maintaining network security.
Top 10 Bullish Crypto Trading Indicators: This guide explores the top 10 bullish crypto indicators, explaining how each one can be calculated and interpreted — and how they can enhance the crypto trading experience.
Catalyst Calendar
Author
Research and Insights Team
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Crypto.com receives VASP registration from Bank of Spain. JPMorgan conducts its first Euro-denominated blockchain transaction. SAP launches testnet for stablecoin cross-border payments.
