Bitcoin Flipflops; MATIC, LINK Surge as Dim Market Action Continues

“Despite relatively stagnant ETH prices recently, demand for staking continues to rise, with the validator entry queue surging to an all-time high of around 7,400, HashKey Capital analysts wrote in a note to CoinDesk. “However, annualized staking yields have remained at around 3.5% for the past four months. This creates a situation where more validators want to join but rewards are not increasing substantially.”

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Cryptocurrencies: 15,227
Markets: 1,154
Marketcap: $ 3.14 T
24h Vol: $ 403.31 B
BTC Dominance: 57.49%