Price analysis 8/13: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, SOL, LTC – BTC Ethereum Crypto Currency Blog

August 13, 2021 by No Comments

The sharp rebound in Bitcoin and most major altcoins proves that traders are buying aggressively on every minor dip.

A KPMG report titled “Pulse of Fintech H1 2021,” shows that the total investment in the blockchain and cryptocurrency sector in the first half of this year has risen to $8.7 billion, which is more than double the $4.3 billion worth of deals done in 2020. 

KPMG global fintech co-leader Anton Ruddenklau said:

“Cryptocurrency and blockchain are exploding globally. I think for the rest of this year at least, crypto will be a very hot ticket for investors.”

Separate research by blockchain market intelligence Blockdata also shows that 55 out of the top 100 banks by assets under management have directly or through subsidiaries invested in crypto and blockchain firms.

Daily cryptocurrency market performance. Source: Coin360

Bittrex Global CEO Stephen Stonberg told Cointelegraph that the crypto industry has gone mainstream and is past the stage of early adoption. “What’s more interesting to see is the growth and acceleration of institutional adoption of cryptocurrencies. Almost all major institutions have invested in cryptocurrencies or plan to invest in cryptocurrencies,” Stonberg added.

Stonberg added:

“What’s more interesting to see is the growth and acceleration of institutional adoption of cryptocurrencies. Almost all major institutions have invested in cryptocurrencies or plan to invest in cryptocurrencies.”

Will the strong institutional inflow into the crypto sector start the next leg of the uptrend? Let’s study the charts of the top-10 cryptocurrencies to find out.