Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Necessary Evil
Crypto Crash, A “Necessary Evil” For Maturity, Says KPMG Canada
KPMG Canada’s Director of Digital Assets believes the recent crypto decline is necessary if the sector will mature properly. Kunal Bhasin of KPMG Canada has offered some insight into the recent slump in the crypto sector. In a statement at the Blockchain Futurist Conference in Toronto, the Director opined that the current crypto winter could just be what the market needs. Bhasin added that this year’s market struggle is just the market correcting itself. According to Bhasin, before the…
3 years ago