The past week saw a continuation of the trend of price increases, however volatility and volume were down compared to the previous week.Mixed signals on the regulatory front, with positive news from El Salvador, Ukraine, and Laos on mining and usage, and negative developments from Turkey and Russia, the former in particular taking a more hostile stance towards cryptocurrency.Recent gains for new Layer 1 and 2 projects continued with large inflows of capital into Cosmos, Arbitrum, and Avalanche.
Crypto.com Weekly Market Update (Week 37, 13/09/2021 - 19/09/2021)
Crypto.com Weekly Market Update (Week 37…
Crypto.com Weekly Market Update (Week 37, 13/09/2021 - 19/09/2021)
The past week saw a continuation of the trend of price increases, however volatility and volume were down compared to the previous week.Mixed signals on the regulatory front, with positive news from El Salvador, Ukraine, and Laos on mining and usage, and negative developments from Turkey and Russia, the former in particular taking a more hostile stance towards cryptocurrency.Recent gains for new Layer 1 and 2 projects continued with large inflows of capital into Cosmos, Arbitrum, and Avalanche.