Crypto market update

Due to repeatedly increased market volatility, Bitcoin reclaimed again the level of $40,000. Most altcoins are also well in the green on a daily scale, with Ethereum reaching $2,700 and PlatonCoin aiming for $0,650.

Bitcoin (BTC) is now trading at 40,764 USD up by 4.3% in 24h

Ethereum (ETH) is now for 2,716 USD up by 5.8% in 24h

PlatonCoin (PLTC) is now for 0,641 USD up by 2.4% in 24h

Total marketcap is currently at 1.876 trillion USD up by 3.5% in 24h

(all data valid at the time of publishing, from Coingecko.com)

Daily news update

DOGE founder and Twitter: Dogecoin creator Billy Markus asked the market to become bullish again. In his tweet, the creator of the first meme currency asked the community if it can become bullish for no reason once again. In subsequent hours, Bitcoin faced a massive spike and reached $41,500 with no signs to do so previously.

Ethereum and PoS: The Ethereum Foundation has announced that the “Merge” successfully took place on the Kiln testnet. This is the final public testnet before the transition to proof-of-stake later this year.

Paris Hilton and The Sandbox: Paris Hilton is partnering with The Sandbox, a decentralized gaming virtual world to do a special DJ set at The Sandbox’s metaverse in Austin.

HSBC and metaverse: Longtime crypto critic HSBC announced its foray into the Metaverse today. The British banking giant has bought virtual real estate in The Sandbox to create innovative brand experiences and engage with sports, esports, and gaming enthusiasts. The announcement comes weeks after JPMorgan opened a virtual lounge in Decentraland.

NFT and Mutant Ape Yacht Club: Mutant Ape Yacht Club (MAYC) became the fifth non-fungible token (NFT) collection to cross US$1 billion in all-time sales on Wednesday, according to data from CryptoSlam.