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Crypto and Web3 remain unfazed despite technical issues
The financial market has faced headwinds today following a technical glitch from tech giant Microsoft. This has seen institutions like the London Stock Exchange, airlines, and banks face severe repercussions. However, cryptocurrency markets and exchanges remain clear with positive comments from the industry.
Cryptocurrency Market Remains Unperturbed
The issue that has rocked financial institutions has yet to leave its mark on the cryptocurrency market. At press time, major cryptocurrency exchanges, DeFi projects, and protocols remain active with rising volumes. Crypto industry executives have highlighted the underlying value of blockchain technology in the face of resistance from financial intermediaries. However, many fear the impact on overall economic sentiment of a stock drop that could limit market momentum.
David is a financial news contributor with 4 years of experience in Blockchain technology and cryptocurrencies. He is interested in emerging technologies and has an eye for breaking news. Staying abreast of trends, David has reported on several niches including regulation, partnerships, crypto assets, stocks, NFTs, and more. Outside of financial markets, David enjoys cycling and horse riding.