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by CCBlogAdmin
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From Forex Live:
Instagram will implement NFT in a couple of months, Meta founder Mark Zuckerberg said. Despite the loud statement, it should be noted that all of Zuckerberg’s projects related to digital assets previously failed and did not find wide support from the digital community. The head of Meta has a good sense of trends of social networks, augmented reality, or metaverses, and in the latter two, there are more and more fast-growing projects.
Meanwhile, Bitcoin is up nearly 4% over the past 24 hours to $41K. Ethereum added 4.7% to $2.75K, while Terra is out of the range, losing 0.6% in 24 hours, and other leading altcoins from the top ten add from 3.5% (XRP) to 9.8% (Avalanche).
The total capitalization of the crypto market, according to CoinMarketCap, grew by 4% over the day, to $1.82 trillion. The Bitcoin Dominance Index rose 0.2 points to 42.8%.
The cryptocurrency index of fear and greed added 3 more points in a day, to 27, moving from extreme anxiety to just fear.
The FxPro Analyst Team mentioned that demand for bitcoin was supported by it rising for the second day in a row. It was helped by the strengthening of stock indices and the weakening of the dollar. On Wednesday, the US Federal Reserve raised rates by 0.25%, but the comments made by market participants seemed softer than expected, which caused the dollar to fall.
According to Glassnode, $1.2 billion worth of bitcoin was withdrawn from the Coinbase crypto exchange in just a week. This is the largest net outflow since July 2017, which signals the mood of investors for long-term storage of the asset.
Despite the positive dynamics in recent days, Bitcoin has been trading in a sideways range between $37K and $42K for almost the entire month of March, unable to choose a further direction. Since the last days of February, there has been a solid support line on the declines under $38K. And this is bullish strength, reflecting that long-term buyer interest has migrated from $30K to $38K due to inflation and geopolitical tensions. Such a migration of the level of interest to long-term buyers fully reflects the price jump, which is the actual depreciation of the value of fiat currencies.
This article was written by FxPro’s Senior Market Analyst Alex Kuptsikevich.
From Coindesk: FedNow to debut in less than a year (Jesse Hamilton/CoinDesk) The U.S. Federal Reserve has tightened the window for the launch of its FedNow instant payments platform to between May and July of 2023. According to a press release, FedNow will be open to financial institutions of any size, allowing them to facilitate instant […]
From: zerohedge Goldman has reportedly offered its first ever lending facility backed by BTC as the Wall Street giant deepens its Bitcoin offerings. Goldman Sachs has offered its first bitcoin-backed loan. The arrangement, made popular over the past few years in the Bitcoin industry by newer companies, enables a bitcoin holder to obtain fiat money […]
By Jorge Vilches for the Saker Blog Russia is currently “defaulting” or — in the best of cases — on a very direct and firm path to an inevitable “default”. Or at least this seems to be what the Western press and international rating agencies are pushing and rooting for, same as specialized academia, think-tanks, […]
From: zerohedge Three weeks ago, when we predicted that the Yen was about to suffer a “downward spiral” (which it did, and prompted the BOJ to beg Yellen for coordinated currency intervention, only to be denied by the Treasury Secretary who is terrified of what importing even more inflation would mean for Biden’s catastrophic approval […]
