Market Pulse by the Crypto.com Research & Insights Team (Week 4, 16/01/2024 - 22/01/2024)
Market Pulse by the Crypto.com Research & Insights Team (Week 4, 16/01/2024 - 22/01/2024)Global crypto owners rose 34% to reach 580M in 2023. Nasdaq and Cboe file to list options on Bitcoin ETFs. Fund managers preparing to launch crypto Spot ETFs in Hong Kong.
Weekly Market IndexLast week’s crypto market prices dropped slightly by -3.29%. Volume and volatility also decreased by -43.43% and -29.25%, respectively. Chart of the WeekThe latest release of our flagship report Crypto Market Sizing Report 2023 saw global cryptocurrency owners increasing by +34% in 2023, rising from 432 million in January to 580 million in December. The main catalyst behind BTC’s adoption growth was the development in Bitcoin exchange-traded funds (ETFs) and the introduction of the Bitcoin Ordinals protocol, which enabled non-fungible tokens (NFTs) and fungible tokens to be minted on the Bitcoin network. Strong interest from institutional investors also contributed to the increase in BTC’s adoption. Meanwhile, ETH’s adoption growth was mainly driven by liquid staking after Ethereum’s Shanghai Upgrade, which allowed the withdrawals of staked ETH after the transition to the Proof of Stake (PoS) blockchain. Weekly PerformanceBitcoin (BTC) and Ethereum (ETH) both dropped slightly by -1.4% in the past seven days. Price action for other selected top-cap tokens was also mostly negative. Selected key categories mostly decreased in terms of market cap change in the past seven days. News Highlights
Recent Research Reports
Recent University Articles
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 3, 13/01/2024 - 19/01/2024)
Friday, January 19, 2024
NFT market sales volume dropped by 64% YoY. Sotheby's is hosting a Bitcoin Ordinals auction. Taproot Wizards to release a new 'Quantum Cats' collection.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 3, 11/01/2024 - 17/01/2024)
Wednesday, January 17, 2024
USDC issuer Circle confidentially files for IPO in US. Polygon launches Amoy testnet, zkEVM enters its next stage of development. Cosmos Hub voting on a proposal to set ATOM's inflation rate to 0%.
Market Pulse by the Crypto.com Research & Insights Team (Week 3, 09/01/2024 - 15/01/2024)
Monday, January 15, 2024
US Spot Bitcoin ETFs begin trading; $7.69B volume in first two days. US inflation at 3.4% YoY in Dec 2023, above estimates. Circle, issuer of USDC, files for IPO.
Weekly NFT & GameFi Update (Week 2, 06/01/2024 - 12/01/2024)
Friday, January 12, 2024
Azuki will produce an anime anthology series. Opensea launches an email-based wallet setup. Visa launches a Web3 Loyalty Engagement Solution.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 2, 04/01/2024 - 10/01/2024)
Friday, January 12, 2024
TVL of Ethereum L2 networks reach a record-high of nearly $21B in Jan 2024. Ethereum developers confirm #Dencun upgrade testnet dates. Paxos exploring $PYUSD deployment on AaveAave to boost liquidity.
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