Global banks are integrating digital assets into their systems through SWIFT, marking a significant step in this direction.
Financial Institutions Moving to Digital Assets
Major banks across Asia, North America, and Europe are initiating extensive trials using SWIFT for transactions with digital currencies. This signifies a crucial step in integrating digital assets into traditional finance systems.
Market Response to Fed Interest Rate Cut
The Federal Reserve's recent decision to cut interest rates has sparked a rally in stock and cryptocurrency markets. In September, U.S. Dividend ETFs saw $3.05 billion in inflows, aligning with a 15% rise in Bitcoin's value and an overall cryptocurrency market upsurge.
Growing Interest in Affordable Cryptocurrencies
With market growth, many investors are seeking affordable tokens priced under one dollar. Projects like Flockerz, StarkNet, Pepe, Shiba Inu, and Sei have gained attention for their pricing achievements and unique offerings for investors.
In an era of integrating digital assets with traditional financial instruments, leading banks and investors are focusing on these technologies, adapting them to the changing market.