Crypto market update

Bitcoin price managed to recover $3K in 24 hours, and today, the market is once again in green numbers with Bitcoin trying to push towards the major psychological and technical resistance at $50,000. BTC is now trading slightly above $49,000. ETH also took advantage of the market recovery throughout the past few days. Most other alts are also in the green now.

Bitcoin (BTC) is now trading at 49,533 USD (all data from Coingecko.com)

Ethereum (ETH) is now for 4,070 USD

PlatonCoin (PLTC) is now for 0,789 USD

Total marketcap is currently at 2.343 trillion USD

Daily news update

Ubisoft and NFT: Ubisoft’s Blockchain Technical Director says that the company will continue to pursue its NFT plans despite blowback. Ubisoft also announced a partnership with Aleph.im to provide decentralized storage for its Quartz NFT platform. The firm has committed to using energy-efficient blockchains.

Bitcoin and vaccination: On December 21, one individual from Argentina explained in a forum that “banks in Argentina are not letting unvaccinated people inside.” The person said that whether people are for or against vaccines, the mandate was “nuts” and the “decision to go all-in on bitcoin” was the best decision he’s made in his life.

Elon Musk and Neuralink: Elon Musk founded Neuralink, a neurotechnology company that primarily aims to deploy brain implants on humans for restoring and enhancing physical capabilities through computers. He stated again that metaverse is just a buzzword. “In the long term, a sophisticated Neuralink could put you fully into virtual reality. I think we’re far from disappearing into the metaverse, this sounds just kind of buzzwordy.”

El Salvador and Bitcoin: El Salvador’s President Nayib Bukele has announced that the country added more BTC to its reserves. The purchase was made on Dec 21, which saw 21 BTC bought at 21:00. The purchase was made to mark the 21st day of the year of the 21st year of the 21st century and is purely symbolic in nature.