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DeCrypt Weekly Update |
Sat, May 17, 2025 | 11:30 AM IST |
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| Cryptocurrency in wealth management, a passing trend or here to stay |
Hello Reader, |
Should you use cryptocurrency in your cash management? Is it just a trend or will it last? There are many similar questions that come to our mind when we think of “Crypto” as an investment avenue. Cryptocurrency is a kind of digital or virtual money that has made big changes to how money and banks work.
Cryptocurrencies are not controlled by a single entity like traditional currencies are. Instead, they are built on blockchain technology and are decentralized. They let people do business without going through brokers in a safe and clear way. Bitcoin was the first digital money. When it came out in 2009, it showed the way for thousands of other digital applications.
A lot of people, including investors and tech experts, are interested in digital assets. This has led to debates about their reality and how they might affect financial systems. Read more
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CRYPTO TOP GAINERS
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As on May 17, 2025 11:25 AM |
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WEEKLY TOP NEWS
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 Cryptocurrency in wealth management, a passing trend or here to stay |
| Cryptocurrencies have emerged as a significant force in wealth management, offering potential for diversification and higher returns, but also presenting challenges like volatility and regulatory uncertainty. Integrating digital currencies requires careful consideration of risks, security measures, and the need for ongoing education to navigate the evolving landscape effectively. |
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 Bitcoin tops $104,000 on rate cut hopes, institutional buying; Altcoins trade mixed |
| Bitcoin surpassed $104,000, fueled by expectations of US interest rate cuts and increased institutional investment, despite a slowdown in ETF inflows. Analysts point to strong short-term momentum and potential for new all-time highs if Bitcoin breaks through the $105,200 resistance level. Macro indicators and sovereign fund adoption further support a bullish outlook for the cryptocurrency. |
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 Pakistan strikes deal with Trump family-backed crypto venture |
| Despite being newly established, the PCC hosted a high-profile delegation from the WLF, led by co-chairman Zachary Witkoff, son of Steve Witkoff, a known associate of Donald Trump. The delegation, which included other WLF executives, was welcomed by senior officials of the Pakistani government. |
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 Crypto Gems: Top Crypto Assets To Watch & Buy in May 2025 |
| Bitcoin is trading near its all-time high, boosted by easing tariffs and potential rate cuts. Ethereum is rallying, pulling up the altcoin market. Altcoins excluding the top 10 have gained significantly. Bitcoin dominance is decreasing. DeFi protocols like HYPE, AAVE, and PENDLE show potential. Layer-1 blockchains AVAX and SUI are also promising. FARTCOIN is a memecoin to watch. |
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 Bitcoin slips below $102,400 amid profit booking ahead of US inflation data; Altcoins decline up to 7% |
| Bitcoin and other cryptocurrencies experienced a dip as traders secured profits. Investors are closely monitoring US inflation data. Market participants are focusing on CPI and PPI data. Institutions continue to show long-term confidence in Bitcoin. XRP bucked the trend, gaining value. Despite the pullback, activity in the crypto space remains high. Bitcoin's market capitalization stands at $2.035 trillion. |
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For More Insights Visit ETMarkets Crypto Corner  |
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| Thanks for reading. See you next Saturday with more interesting stories and updates. Follow us on Twitter and Facebook. |
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1.75%
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