Crypto narratives: Industry comes to Turkey’s aid, and SEC moves against staking

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City AM

By Darren Parkin Data from CryptoCompare shows that the price of Bitcoin dropped over the week to go from around $23,000 to a $21,600 low where it’s currently trading. The cryptocurrency industry has faced several negative headlines over the past few days. Ethereum’s Ether – the second-largest cryptocurrency by market cap – moved similarly to BTC, starting the week with a move up to $1,650 before starting to drop, to now trade below the $1,500 mark. Notably, CryptoCompare data has shown that there was a 2.7% drop in the combined market cap dominance of BTC, ETH, and stablecoins, now making up …

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