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.
Bitcoin (BTC) starts 2022 at USD 47,200, as fresh research pins performance on China trader exodus. The deplatforming of Chinese citizens by crypto exchanges prior to the 31 December 2021 deadline may have added to BTC selling pressure.
MicroStrategy, Bitcoin’s biggest corporate backer, announced its $94 million investment amid a $250 billion crypto market crash. The publicly-traded firm said in a Thursday filing that it bought another 1,914 BTC for around $94.2 million in cash in December.
Crypto.com has become a Gold Member of the Singapore Blockchain Innovation Programme, which is a national-level partnership anchored at the National University of Singapore aiming to strengthen the nation’s blockchain ecosystem.
The general price index increased by +5.86%, while the volume and volatility indices decreased by -18.28% and -15.60%, respectively.
Check the latest prices on crypto.com/price.
The 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 $48,548 on 31 December (ref). The technical outlook depicts price improvement after Bitcoin marked three straight days of losses this week; daily RSI is sharply rising toward the neutral 50 as the price recovers.
Uni.Vote was released. This tool allows for gasless voting and delegation for Uniswap ($UNI) community governance. (ref)
AAVE announced plans to build a mobile wallet. (ref)
My 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.
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