MARKET OUTLOOK 📈
🔶 The total market cap dipped briefly following a fair rally from yesterday, simultaneously reaching a new post-correction high at 2.24T before falling into the 2.16Ts. This movement resembles a retest of the previous 2.15T resistance now turned support.
🔶 BTC’s price action was seemingly rejected at $48.4K before returning to the $47K - $48K price range. ETH, modeling BTC’s movements, was strongly rejected at $3.65K before dipping to $3.56K. Both signal movements that may retest the previous resistance levels.
🔶 Overall, the alt market displays mixed returns, with most facing single-digit losses. A few, such as AUDIO, AVAX, SHIB, ZEN and SUSHI broke the present small downtrend and secured percent gains in the double-digits.
DAILY DIGEST 📰
🔶 Nate Chastain, otherwise known as OpenSea’s head of product, has resigned shortly following several allegations of insider trading, causing OpenSea acknowledge the activity and restructure policies - Source
🔶 As a member of the South Korean National Assembly, Noh Woong-rae reportedly claims that “the deferral of taxation on virtual assets is not an option, but an inevitable situation” while planning to postpone a bill on crypto taxation until 2023 - Source
🔶 The Hedera Hashgraph Governing Council, recently established under the HBAR Foundation, is set to receive $2.5bln in HBAR, with another $2.9bln dedicated to strengthening the development of the ecosystem - Source
🔶 Several music stars, including Katy Perry, Pusha T, and the Chainsmokers raised a total of $5mln for Audius, a music streaming platform attempting to redefine the organization of the current music industry - Source
🔶 AMC, a cinema operator, has hinted at a plan to include Ether and Litecoin aside from Bitcoin as viable payment methods for movie tickets by the end of 2022, while simultaneously finalizing the necessary modalities - Source
🔶 Dan Markham, a well-known youtuber, has announced the exchange of a blue Tesla Roadster for a VeeFriends NFT named “Positive Porcupine”, marking another unusual event under the present intense NFT mania - Source
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