The overall crypto market is bullish today. Major cryptocurrencies have been trading in the green over the past 24 hours.
CNBC reports that Goldman Sachs will become the first major U.S. bank to execute over-the-counter (OTC) crypto trades, a notable step toward improving institutional access to digital assets.
UK advertising regulators have notified more than 50 companies suspected of running misleading crypto ads across the country.
U.S. markets cooled off after a strong run yesterday following comments from Jerome Powell regarding interest rates. So far, U.S. markets have reacted calmly to rate hikes but have moved sharply negative when faced with indications of more aggressive monetary policy.
Top Cryptocurrencies
Cardano rose 6%, alongside Ethereum, XRP and Polkadot, each gaining more than 4%. Bitcoin traded above $42,000 at the time of writing, up over 3% in the past 24 hours. Litecoin broke into the top 20, climbing 6% today.
Top Movers
Bitcoin Cash stood out with a 12% increase. Bitcoin Gold also gained 8%, continuing a rally that began yesterday. Ethereum Classic extended its gains as well, up 12% today.
Other notable gainers included Elrond, up 9%; Helium, Oasis Network and EOS, each up around 10%; and Dash, which rose 8%.
The largest mover so far is IoTeX, which added about a quarter of its value. The project recently released Mainnet v1.7, the next evolution of the IoTeX blockchain with upgrades to security and performance.
ApeCoin posted the biggest weekly gain, surging 980.26% over the past seven days.
Trending Now
A new dog-themed meme token, Teddy Doge, is drawing attention after jumping 368% in the last 24 hours. The project positions itself as a feature-rich decentralized exchange.
It claims to offer liquidity, swap and yield farming features, aggregated transactions, 15 mainstream cross-chain bridges, on-chain transactions and charting, among other functionalities.