Market Wrap: Bitcoin Heads for Worst Week Since March as Prices Hold Around $46.5K
“Cash is king in times of distress, not bitcoin,” said one market watcher.
Traders are betting on the "smart-contract" blockchain, which aims to compete with market leader Ethereum, even though it doesn't yet have smart-contract functionality.
The round was joined by a host of cryptocurrency projects that are considering adding zkSync, including Coinbase, Aave and Curve Finance.
Bitcoin started March nicely but whether it can match its previous winning streak is yet to be seen.
Some analysts worry that rising bond yields might prompt the Federal Reserve to tighten historically loose monetary policy, prompting a correction in assets perceived as risky.
Will wealth flow to layer 1 or layer 2? It depends on the use case, says a long-time observer and investor.