The altcoin market has become difficult to navigate during Bitcoin's (BTC) bull cycle, with fragmented narratives, isolated rallies, liquidity crunches and colossal token unlocks.
Cryptocurrency market cap rose by 4% on Friday, with over $120 billion increase in the last 24 hours. Rising institutional demand, expectation of hawkish monetary policy and BTC adoption in regional US states have added to the bullish market momentum in this week.
Galaxy Digital Holdings Ltd., a leading digital asset fund manager under the leadership of CEO and founder Mike Novogratz, said on Wednesday that it intends to list on the Nasdaq Global Select Market on May 16.