Bitcoin sinks to sub-$35,000 as bearish sentiment hit the crypto market in the week ending May 8, 2022.
Following a 2.49% loss from the previous week, BTC looks set to end the week at sub-$35,000.
Increased demand for ALGO as a staking crypto provided the upside in the week, with Algofi, a DeFi platform on the Algorand blockchain, seeing its dominance hit 61.22%.
Early in the week, Algorand hit the news for an altogether different reason.