Crypto Market Pulse Weekly - 🏟️ Crypto.com Pay Comes to Adelaide Oval; Exchanges See Lowest BTC Balances
Crypto Market Pulse Weekly - 🏟️ Crypto.com Pay Comes to Adelaide Oval; Exchanges See Lowest BTC BalancesCrypto.com launched a crypto payment solution at the Adelaide Oval. Bitcoin balance on exchanges dropped to the lowest amount since March 2018. PayPal enables cross-border money transfers with PYUSD.
Weekly Market IndexLast week’s crypto market price index dropped by -3.01%. Volume and volatility indices showed a slight increase by +0.44% and +0.05%, respectively. Bitcoin’s (BTC) price fluctuated between US$65,000 and US$70,000 through the week and settled at close to US$70,000 on 7 April 2024. US Spot Bitcoin ETFs had a week of net inflows totalling US$485 million, lower than the US$845 million net inflow in the previous week. Grayscale Bitcoin Trust ETF’s (GBTC) weekly net outflow slowed down to US$738 million last week (vs US$967 million the week prior).
Chart of the WeekAs of 7 April 2024, approximately 2.3 million BTC were held by cryptocurrency exchanges, the lowest amount since March 2018. This comes along with the launch of US Spot Bitcoin ETFs in January 2024. Since then, ~161,000 BTC flowed out of exchanges, amounting to nearly US$10 billion. Weekly PerformanceBTC and Ether (ETH) fell by -2.2% and -4.9% respectively in the past seven days. The price action for most other selected top market cap tokens was also negative. However, Bitcoin Cash (BCH) outperformed, which could be driven by its halving event. All of the selected key categories were down in terms of market capitalisation changes in the past seven days, with the meme coin and NFT categories leading the drop. News Highlights
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Catalyst CalendarWe’re all ears.Your feedback helps make our reporting more insightful. Tell us how we can improve this newsletter by taking the survey below. It will take less than a minute of your time. Thank you! AuthorResearch and Insights Team 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! Crypto Trends from Crypto.com: Market, DeFi, NFT, Gaming is free today. But if you enjoyed this post, you can tell Crypto Trends from Crypto.com: Market, DeFi, NFT, Gaming that their writing is valuable by pledging a future subscription. You won't be charged unless they enable payments. |
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NFT & Blockchain Gaming Weekly - 💪 NFTs Sales in Bitcoin Remained Strong
Friday, April 5, 2024
NFT sales in Bitcoin network remain strong. OpenSea enables creators' NFT royalty control with ERC-721C. Animoca Brands's Mocaverse holds MOCA public token sale. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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NFT & Blockchain Gaming Weekly - 📉Broad NFT Market Downtrend Over The Past Week
Thursday, March 28, 2024
Broad NFT market downtrend over the past 7 days. Azuki launches 'AnimeChain' on Arbitrum. Munchables, another game on Blast, is exploited. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly – 📈 Cronos Titan Upgrade Is Live; DEX Volume Surges
Wednesday, March 27, 2024
Transactions spike as fees drop in Ethereum L2s post Dencun. Fidelity adds staking to Ether ETF application. Arbitrum rolls out Atlas upgrade, with additional fee reductions and more. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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