FEB 13 - FEB 19
Market Updates
- While Bitcoin and Ether both rallied significantly midweek…
- Following hawkish remarks from U.S. Federal Reserve officials signalling more upcoming interest rate hikes, both later corrected.
- Leading digital asset Bitcoin had a tumultuous week, starting off the week at multi-week lows, but later reclaiming the CAD $33.5K level (an 8-month high) before correcting again to end the week.
- Meanwhile, Ethereum also surged to new month highs on Thursday, before also correcting on hawkish Fed remarks.
- In sum, the total crypto market cap ended the week up, buoyed by news of large-scale institutional investments in the space, as well as the launch of various new DeFi protocols.
Crypto News
- SEC Sues Over TerraUSD Stablecoin That Rocked Crypto Bloomberg
- Mt. Gox’s 2 Largest Creditors Pick Payout Option That Won’t Force Bitcoin Sell-Off: Sources Coindesk
- SEC Land Grab: Crypto Enforcement Actions Accelerate Under Gensler Blockworks
- Venture Capital Firm a16z Loses Vote on Uniswap’s Deployment to BNB Chain Unchained
- Opinion: Bitcoin Ordinals Can Lift the Entire Crypto Ecosystem Coindesk
Market Moves
- Bitcoin is currently the top trading pair on NDAX, followed by Tether, Ether, Solana and Shiba Inu.
- Over the past 7 days, the value of Bitcoin (BTC) has increased by 12.98% and is currently being traded at $32,806. Ethereum (ETH) is up 12.09% during the same period and is now being traded at $2,269.
- Other notable coins include:
- VeChain (VET) with an increase of 30.25% in the past week.
- Solana (SOL) with an increase of 27.96% in the past week.
- Polygon (MATIC) with an increase of 23.04% in the past week.
Upcoming Events
- Feb 24 - CME Options/Futures Expiry
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