This week in crypto saw stable prices, increased adoption, and political developments. Prices of leading cryptocurrencies stayed relatively stable over the last seven days, with market leader Bitcoin (BTC) holding the fort at $26,569 and Ethereum (ETH) dropping a slight 2.8% to trade for $1,592. Chainlink (LINK) was one of the few cryptocurrencies to post gains, swelling by 12% this week to hit $7. The Fed policy meeting concluded with no new interest rate hikes, positively contributing to stabilizing crypto prices. Gains in adoption continued, with banking giant Citigroup launching a digital token service for rapid cross-border payments between institutions and PayPal announced that Venmo users will be able to purchase the payments giant’s dollar-pegged Ethereum-based stablecoin PYUSD “in the coming weeks.” There were also several political developments with regard to crypto this week, including the former chair of the Financial Conduct Authority (FCA) confessing that the FCA faced “political pressure” to accept several of the 43 firms currently approved to offer crypto services in the UK, and the House Financial Services Committee (HFSC) passing the CBDC Anti-Surveillance State Act. #Crypto #Bitcoin #Ethereum #Chainlink #FCA
You can read more about this topic here: Decrypt: This Week in Coins: Slow News is Good News for Bitcoin and Ethereum
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