Weekly Market Index

Last week’s crypto market prices were down -6.41%. Volume and volatility also decreased by -11.53% and -54.56%, respectively.

Weekly Performance

Bitcoin (BTC) and Ethereum (ETH) were down -3.3% and -2.7%in the past seven days, respectively. Other selected top-cap tokens also mostly fell.

News Highlights

• Crypto.com announced a partnership with more than 50 artists to create “The Art of Giving II” NFT collection. Proceeds from the primary sales of the NFTs will benefit local relief and humanitarian efforts in Turkey following earthquakes.

• The Solana network’s deep freeze continued over the weekend as validators were preparing a second restart attempt that they hoped would restore service to users of the blockchain. The chain’s block production had ceased, affecting transaction processing and validation.

• BlackRock is offering a metaverse-themed exchange-traded-fund (ETF) that will invest in companies expected to contribute to the metaverse in areas including virtual platforms, social media, gaming, 3D software, digital assets, and virtual and augmented reality.

• DZ Bank, Germany’s second-largest bank in terms of asset size, announced plan to integrate digital currencies into its asset management services.

• JP Morgan to launch a new crypto innovation lab in Greece, which will develop solutions using blockchain tools. The lab will focus primarily on building applications that use Onyx, the blockchain platform launched by the bank.

Recent Research Reports

• Research Roundup Newsletter (January 2023): In our latest issue, we feature trending market insights and our research on artificial intelligence trends, the rise of AI-generated content, and their applications in blockchain and Web3.

• Alpha Navigator (January 2023): Crypto outperforms other asset classes in January by a large margin. BTC options put-call ratio at a yearly low, implying shift to positive sentiment.

• AI-Generated Content and Applications in Web3: Artificial Intelligence-Generated Content (AIGC) has taken the world by storm recently, with popular applications like ChatGPT and DALL-E. We analyse its potential applications in Web3.

Catalyst Calendar

Disclaimer:

The information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties.

This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement.

The brands and the logos appearing in this report are registered trademarks of their respective owners.

Thank you for reading! We hope you find Market Pulse, our new weekly market insights newsletter enlightening!

Hungry for more? Visit our Research Hub and University to access other insightful crypto research! 

Share with a friend if you like our email!

Share