The absence of new BTC smart money players was also an issue | Big crypto on Binance Square

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The absence of new BTC smart money players was also an issue pointed out in the report.

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Norges Bank, the central bank of Norway, has released its annual “Financial Infrastructure Report." It devoted a considerable part of the report to crypto assets and the question of whether Norway should depend on international regulatory examples to control its market.

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The European Union’s Markets in Crypto-Assets (MiCA) regulation will come into force in a year or two, and it “will probably also apply to Norway.” However, “the Ministry of Finance will assess EEA relevance and implementation in Norway,” Norges Bank noted. Norway is a member of the European Economic Area but not the EU.

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In the wake of transitioning back to traditional work environments after several years of widespread remote employment, an increasing number of people have found themselves leveraging their mobile devices and online services as essential tools for both professional and recreational trading.

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With crypto markets rebounding since the beginning of 2023, retail investors are rediscovering their appetite for cryptocurrencies and other digital assets. For example, the Crypto Fear and Greed Index hit its highest index score earlier this year, recording 66 on March 20. This index aims to numerically represent current sentiment toward the crypto market, with the highest score being 100. A score of 66 has not been recorded since November 2021, when Bitcoin hit an all-time high of $69,000.

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In addition, XRP weakened against both of the crypto market leaders Bitcoin (BTC) and Ethereum (ETH) over the last 24 hours. At press time, XRP was down 0.72% against BTC and 1.34% against ETH. As a result, 1 XRP was worth 0.00001723 BTC and 0.0002556 ETH.

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