The price of Ethereum reacted sharply to the January uptrend support line and at the 40-day cycle low in yesterday’s session.
There was an upside reaction across most equity indices overall as well. Key support is at US$3,000 (currently some 10 points lower) and we need to see this level hold before projecting the next higher targets of US$3,250 and US$3,500.
BTC has soared past US$21,000. Also, Justin Sun is looking to spend a billion dollars on DCG's assets, India's RBI head is calling for a complete ban on crypto, and more.
There were US$433 million entering digital asset products last year, down 95% and 90% from US$9.1 billion in 2021 and US$6.6 billion in 2020 respectively.
There has been little action around the two main cryptocurrencies in the past month, and Bitcoin’s dominance of the crypto market still stands at 40.15%. The question on everyone’s minds is whether the crypto market has bottomed, and how long it will take for confidence to return.
2022 has been a tale of two halves for the crypto industry. Here are the most inspiring quotes from crypto industry leaders that haven’t exactly aged well.
The BRICS nations, led by China and Russia, are accelerating efforts to reduce reliance on the US dollar in global trade and finance. Cryptocurrencies and blockchain technology are emerging as key tools in this de-dollarization push, even as BIS officials are considering nixing the mBridge project.
DWF Labs partner Eugene Ng tweeted "today's gonna be a good day" just hours before allegedly spiking a potential hire's drink and inviting her to his suite
Coinbase partners with Visa to allow eligible US and EU users to fund accounts instantly and buy crypto via Visa debit cards, 24/7 access
The MPI license would enable Gemini to further solidify its position in the region and cater to the increasing demand for secure and regulated digital asset services.
