Ankr Partners with Microsoft and Polygon Lays off 20% of Staff
Feb 21, 2023
Markets cooled off today after a long holiday weekend. BTC and ETH are down 0.61% and 1.68% and SPX and NDQ have dropped 1.17% and 1.32%. Most altcoins have held up weaker than bitcoin and ethereum on this pullback, MATIC is down 5.73%, LDO is down 5.26%, and SOL is down 4.00%. An exception to this is ANKR, which has risen 43.6% today after an announcement of a Microsoft partnership which we discuss in more detail below. Despite select altcoins outperforming bitcoin during the rally the past few months, altcoins as a whole have actually lagged behind. This broader altcoin underperformance to bitcoin is represented in the bitcoin dominance ratio, which has risen 0.35% today and is up 11% since December.