Crypto.com Weekly Market Update (Week 1, 3/1/2022 - 9/1/2022)
Crypto.com Weekly Market Update (Week 1, 3/1/2022 - 9/1/2022)Bitcoin ($BTC) tumbles to $40,600. Chainlink soars in bear market conditions.Key Takeaways
Highlights
Notable EventsBitcoin (BTC) slipped below $44,000 shortly after notes from the Federal Reserve’s December Federal Open Market Committee (FOMC) session re-confirmed plans to hike interest rates in 2022. (ref) Over the past 24 hours, some whales on the top 1,000 ETH list have purchased large amounts of Chainlink (LINK), Polygon (MATIC) and FTX (FTX), continuing to bet on these coins while the declining BTC is pushing the whole market to the south. (ref) Notable EventsPopular oracle network Chainlink (LINK) had soared by 33.4% in the week ended Friday. Much of the rise has been attributed to the utility that this oracle network provides for the crypto sector in general. (ref) (ref) Aave (AAVE) has launched its institutional product, Aave Arc, which will initially be open to 30 institutions that have been whitelisted by Fireblocks. (ref) Notable EventsShiba Inu (SHIB) has launched a Beta version of DAO to give users more authority over crypto projects. The Dogecoin rival aims to provide its users with more control over crypto projects and pairs on the ShibaSwap platform. (ref) While the market itself is on the decline, two crypto whales acquired more than 6.5 billion SHIB tokens within one hour on Sunday. (ref) 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 (30/12/2021 – 5/1/2022, Week 52)
Thursday, January 6, 2022
Crypto Predictor Polymarket to pay $1.4M fine. North Korea accused of stealing $1.7B from crypto exchanges.
Crypto.com NFT Weekly Update (Week 52, 29/12/2021-4/1/2022)
Wednesday, January 5, 2022
NFT sales increase by 2% on OpenSea. Eminem joins Bored Ape Yacht Club for 123.45$ETH.
Weekly Update - Layer 1 & Layer 2 News (Week 52, 28/12/2021 - 3/1/2022)
Tuesday, January 4, 2022
Over 71M wallets hold $ETH. Cronos (CRO) climbs further: +2.07% in TVL gains, +10.86% in transactions, +12.71% in wallet addresses.
Crypto.com Weekly Market Update (Week 52, 27/12/2021 - 2/1/2022)
Monday, January 3, 2022
Bitcoin starts 2022 at USD 47200. MicroStrategy announced a $94M investment amid a $250B market crash.
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.
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