Bull Wipeout, Dollar Strength, ASTER’s Wild Rally
Another week went by in crypto and financial markets. If things felt like things were a little more chaotic than usual, it’s because they were. While finance tries to get used to the U.S.’s new monetary policy, investor sentiment shifts, causing crypto and stocks to lose some steam over the past week.
Institutional Demand Remains Strong
One thing that did not change was institutional adoption. Over the week, several reports reinforced the idea that Wall Street is all in on crypto investments. Strategy (formerly MicroStrategy) continued to increase its already-massive Bitcoin treasury, buying another 850 BTC this week.
The idea of Bitcoin as a reserve asset continues to gain weight. A new report from Deutsche Bank Research Institute…
