Bitcoin (BTC) lastly broke above the $50,500 resistance and Ether (ETH) has risen above the $4,000 mark. This means that there’s rising curiosity in cryptocurrencies and a number of other legacy finance firms are initiating steps to faucet into this growing demand.

One of many world’s largest unbiased asset managers, Franklin Templeton, has posted fresh job applications for medium to senior-level positions in crypto buying and selling and analysis, in keeping with Linkedin job postings.

In the meantime, in Japan, monetary conglomerate SBI Holdings is planning to arrange one of many first crypto funds in the country by the top of November. Tomoya Asakura, the director and senior managing government officer at SBI, mentioned that the launch of a second fund will probably be explored relying on the success of the primary one.

Every day cryptocurrency market efficiency. Supply: Coin360

Whereas crypto merchants are cheering the current run-up in a number of altcoins, JPMorgan analysts have warned their clients that the altcoin rally and nonfungible tokens (NFT) are getting frothy.

The analysts mentioned that the altcoins share of the crypto market buying and selling surged from 22% initially of August, to 33%, which is excessive in comparison with historic requirements. They imagine the reason being “froth and retail investor ‘mania’ fairly than a mirrored image of a structural uptrend.”

May Bitcoin maintain above $50,500 and resume its uptrend or will altcoins stay in focus? Let’s research the charts of the top-10 cryptocurrencies to seek out out.