Cryptocurrencies Resilient Despite Weaker Equity Markets, Increased Regulatory Activity: Citi

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Cryptocurrencies Resilient Despite Weaker Equity Markets, Increased Regulatory Activity: Citi
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.Citi says crypto markets have maintained resilience even in light of weekly declines in traditional financial assets, and correlations with equities have continued to weaken. By willcanny99.

Following the, the issuer of stablecoin Binance USD , Citi notes that there have been more than $3.5 billion of BUSD outflows, representing a 23% fall in market capitalization.

These flows have generally made their way into rival stablecoin tether , the bank said.decentralized exchangeThe bank notes that non-fungible-token activity has increased in recent weeks, though transactions levels remain far below 2022 averages.Read more:

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