Those losses across the stock and crypto market are attributed to the US Central Bank has confirmed that it will start raising interest rates in the coming months, thereby increasing inflation concerns. It is believed that this rate hike may occur earlier than expected, around March. Such a short period of time has motivated widespread sales among investors today.
Goldman Sachs: Bitcoin Price Can Reach $100K
The US multinational investment bank Goldman Sachs has highlighted a scenario in which Bitcoin reaches the oft-touted $100,000 price milestone. Institutional adoption for the primary cryptocurrency needs to increase significantly and surpass gold to reach this price level.
Liveliness Value Suggests Accumulation Prior to Parabolic Rally
Liveliness is an indicator that determines if old coins are being moved or not. Values close to one indicate that old coins are on the move, while values close to 0 indicate that young coins are being traded. There is an increase in the indicator, which means that long-term investors are liquidating their positions. This usually happens at the very beginning of bull markets, when BTC price rallies become parabolic.
Ethereum Became 140% More Profitable Than Bitcoin in 2021 and Already Performs Better in 2022
According to Ether's quarterly returns, the asset outperformed Bitcoin in every quarter of 2021, even with global cryptocurrency market sales in the second quarter of the year. The first quarter of the year, January-April, was the most successful period of Ethereum.
DeFi Lending Protocol Aave Is Developing a Mobile Wallet
Aave kicks off 2022 with the development of a mobile wallet. This move was announced to the public by the founder of the project, Stani Kulechov.
Bitcoin ETF Decision Postponed, SEC Commissioner Wonders Why
The United States Securities and Exchange Commission has postponed its decision to approve NYDIG’s spot exchange-traded fund (ETF) for Bitcoin (BTC), delaying until March 16. In a notice published on Tuesday, the SEC found it “appropriate to designate a longer period within which to issue an order approving or disapproving” the ETF.
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