Market Pulse by the Crypto.com Research & Insights Team (Week 49, 28/11/2023 - 04/12/2023)
Market Pulse by the Crypto.com Research & Insights Team (Week 49, 28/11/2023 - 04/12/2023)BTC tops US$40,000 for the first time in 19 months. Microstrategy bought more BTC in November. Standard Chartered Bank to join trials for China’s CBDC.Weekly Market IndexLast week’s crypto market prices rose by +5.60%. Volume and volatility decreased by -4.30% and -19.72%, respectively. Chart of the WeekBitcoin has broken past US$40K for the first time in 19 months. Meanwhile, after briefly testing US$2K back in April, Ether has now managed to top US$2.2K. Spot ETF developments continue to make headlines. Additionally, BTC’s move higher comes as gold futures also surge to a record high of US$2,151, after US Federal Reserve Chairman Jerome Powell said interest rates are now ‘well into restrictive territory’. Weekly PerformanceBitcoin (BTC) and Ethereum (ETH) rose by +8.4% and +7.1%, respectively, in the past seven days. Price action for other selected top-cap tokens was also mostly positive. Selected key categories were all up in terms of market cap change in the past seven days, led by Artificial Intelligence. News Highlights
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Catalyst CalendarDisclaimer: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! Weekly Crypto News about DeFi, NFT, and crypto market is free today. But if you enjoyed this post, you can tell Weekly Crypto News about DeFi, NFT, and crypto market that their writing is valuable by pledging a future subscription. You won't be charged unless they enable payments. |
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Weekly NFT & GameFi Update (Week 48, 25/11/2023 - 01/12/2023)
Friday, December 1, 2023
DeGods NFT trading surged after a series of announcements from its creator. Azuki DAO rebrands to 'Bean' to shift towards a meme-inspired project. Rari Foundation launches a blockchain testnet.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 48, 23/11/2023 - 29/11/2023)
Wednesday, November 29, 2023
Blast skyrockets with nearly US$600M in TVL days after launch. dYdX completes mainnet migration, rolls out a $20M launch incentive program. Cosmos founder calls for chain split to create AtomOne.
Market Pulse by the Crypto.com Research & Insights Team (Week 48, 21/11/2023 - 27/11/2023)
Monday, November 27, 2023
Cosmos Hub to decrease max. inflation rate of ATOM. South Korea to pilot CBDC with 100K citizens in 2024. Santander Private Bank to offer BTC and ETH trading.
Weekly NFT & GameFi Update (Week 47, 18/11/2023 - 24/11/2023)
Friday, November 24, 2023
Pacman from Blur launches a new L2 network dubbed Blast. Nike collaborates with RTFKT to release NFT-infused sneakers. Ubisoft unveils an NFT giveaway for its new game.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 47, 16/11/2023 - 22/11/2023)
Wednesday, November 22, 2023
Circle launches 'bridged USDC standard' on new networks. Aave Companies rebrands to Avara, acquires crypto wallet Family. Eigenlayer to launch second phase of its mainnet in H1 2024.
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Metaplanet buys average of 34 BTC per day in October Bitcoin buying spree
Monday, October 7, 2024
Metaplanet aims for Bitcoin crown in Asia with additional ¥7.5 billion investment before the end of 2024. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Monday, October 7, 2024
Bitcoin's September price performance this year was the best since 2013; PayPal completed its first business payment with PYUSD; Bitwise filed for the first spot XRP ETF with the US SEC. ͏ ͏ ͏ ͏ ͏
China May Rethink Crypto Ban If Donald Trump Wins Election
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Sunday, October 6, 2024
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