Cryptos Up 17% Since Mid-February
by Marvin Dumont
Crypto winter could be behind us. Enter crypto spring?
The market is up 17.5% over past 30 days — rising from $120 billion in market cap on Feb. 16 to current $141 billion. Cryptocurrencies have been buoyed by recent rally: Blue chips such as Litecoin (+8.25%) and Bitcoin Cash (16.7%) made biggest gains over past 24 hours.
Bitcoin’s trading volume exceeded $11 billion on Friday, the most observed since April 2018. And the trend could portend upward valuation in coming weeks.
At SXSW in Austin, Texas the U.S. SEC’s associate director Valerie Szczepanik said on Friday:
I do think if we hope to smell the crypto spring in the air, it will take people walking with the regulators. But I do think the spring is going to come.
Institutional investors are realizing the power of blockchain, and this can inspire institutional money to invest more in programmable monies, as well as, innovations that support the new asset class.
This week, there are reports that IBM is entering crypto custody space. Shuttle Holdings, a New York investment firm, is launching a custody solution for digital assets built on IBM’s private cloud and encryption technologies.
“Potential users include banks, brokers, custodians, funds, family offices and high net worth investors who want to do self-custody, as well as exchanges,” said Brad Chun, Shuttle’s chief investment officer, in Mar. 12 CoinDesk report.
Custody solutions are key to bringing more investments in crypto — from investment banks, hedge funds, university endowments, pension funds, wealth management firms, and family offices.
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Learn more about our innovations:
What Is Apollo DEX?
Sharding: A Solution To Blockchain Bloat
Apollo Mixer: A Cloaking Tool That Makes Your Money Untraceable
Apollo To Release Hermes Update By Q1 2019
Protect Your Identity With Apollo’s IP Masking 2.0
Apollo: A Super Fast All-In-One Currency
Adaptive Forging Streamlines Apollo Blockchain
Apollo Pushing The Boundaries Of Blockchain Speed
Bitfi Wallet Integrates Apollo All-In-One Privacy Currency
Sharding To Speed Up Apollo Blockchain
Updater Keeps Blockchain Functioning Smoothly
