Crypto.com Weekly Market Update (Week 52, 27/12/2021 - 2/1/2022)
Crypto.com Weekly Market Update (Week 52, 27/12/2021 - 2/1/2022)Bitcoin starts 2022 at USD 47,200. MicroStrategy announced a $94M investment amid a $250B market crash.Key Takeaways
Highlights
Check the latest prices on crypto.com/price. Notable EventsThe cryptocurrency market ended 2021 with a day of sell-offs. Cosmos's ATOM was among the top-performing tokens over the last day of trading (ref). It broke and closed above the overhead resistance at $34 on 1 January (ref). Bitcoin (BTC) climbed to intraday highs of $48,548 on 31 December (ref). The technical outlook depicts price improvement after Bitcoin marked three straight days of losses this week; daily RSI is sharply rising toward the neutral 50 as the price recovers. Notable EventsVaren Finance introduced VarenX: a new cross-chain swapping DApp powered by RenVM (REN). In the past week, it has released demos showing various cross-chain swaps such as LUNA to BTC. (ref, ref) Uni.Vote was released. This tool allows for gasless voting and delegation for Uniswap ($UNI) community governance. (ref) AAVE announced plans to build a mobile wallet. (ref) Notable EventsMy Neighbor Alice received a metaverse grant of $80 million and has already made successful NFT sales. Players can purchase virtual islands, collect unique items, and meet other user avatars, all while enjoying the perks of the play-to-earn model. At the time of writing, the ALICE token has a market cap of $371 million and is trading at $12.15. (ref) Owner of the Bigger Entertainment crypto label, Steven Cooper, announced on Twitter that his project team has burned another batch of 2.5 billion Shiba Inu (SHIB) coins, while 1.5 million SHIB are waiting to be taken out of circulation, too. Thank you for reading! We hope you find our Weekly Market Update 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! If you liked this post from Crypto.com Research, why not share it? |
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Crypto.com Weekly Regulatory Update (23/12/2021 – 29/12/2021, Week 51)
Thursday, December 30, 2021
The SEC rejected Kryptoin's proposal for a Bitcoin ETF. US Senator Lummis plans comprehensive crypto bill.
Crypto.com NFT Weekly Update (Week 51, 22/12/2021 - 28/12/2021)
Thursday, December 30, 2021
Bored Ape Yacht Club #BAYC flipped CryptoPunks in terms of floor price. OpenDAO airdropped SOS tokens to selected OpenSea users on Christmas Eve.
Weekly Update - Layer 1 & Layer 2 News (Week 51, 21/12/2021 - 27/12/2021)
Tuesday, December 28, 2021
BTC miner revenues grow 2x in 2021 to $15B. Cronos (CRO) climbs further: +25.81% in TVL gains, +15.05% in transactions, +12.43% in wallet addresses.
Crypto.com Weekly Regulatory Update (16/12/2021 – 22/12/2021, Week 50)
Thursday, December 23, 2021
China's state news agency launches NFT collection. Russian central bank allows crypto investment.
Crypto.com NFT Weekly Update (Week 50, 15/12/2021 - 21/12/2021)
Wednesday, December 22, 2021
NFT sales tumble by 25% on OpenSea. AdidasOriginals NFT collection sells out within minutes.
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