Daily news update: March 18th, 2022


Crypto market update

Following the recent price fluctuations, bitcoin calmed on a daily scale and has since remained above the coveted $40,000 price tag. Most altcoins are also relatively stagnant now, but the top 100 coins have seen the entrance of ApeCoin, which has gained a market cap of almost $2 billion a day after its launch. The total market cap of all crypto assets has remained almost flat compared to yesterday.

Bitcoin (BTC) is now trading at 40,554USD down by 0.4% in 24h

Ethereum (ETH) is now for 2,800 USD up by 1.3% in 24h

PlatonCoin (PLTC) is now for 0,683 USD up by 0.3% in 24h

Total marketcap is currently at 1.896 trillion USD down by 0.3% in 24h

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

Daily news update

Bloomberg and Bitcoin: Bloomberg commodity strategist Mike McGlone has weighed in on Bitcoin’s performance as inflation surges, interest rates rise, and Ukraine deals with a large-scale invasion from Russia. In a tweet shared with his followers on social media, McGlone noted that this year may be “primed for risk-asset reversion and mark another milestone in Bitcoin’s maturation.” The analyst added he believes BTC will keep on outperforming both gold and the stock market.

Kiyosaki and Bitcoin: Investor and personal finance author Robert Kiyosaki says the Russian invasion of Ukraine has drastically changed how the world views Bitcoin (BTC) and crypto assets. Kiyosaki says in a tweet that crypto assets are being transformed into a “safer haven” compared to national currencies.

Bitcoin and the biggest whale: The largest independent Bitcoin whale in existence is accumulating millions of dollars in BTC at a steady pace. The whale, who is not known to be tied to any crypto exchange or company in the industry, added an additional 87 BTC worth about $3.5 million on Monday. That’s on top of two huge transactions on March 8th and 9th, totaling 318 BTC and 412 BTC worth a collective total of about $29.7 million at time of publishing. According to BitInfoCharts, the whale is the biggest non-exchange wallet in existence, holding a whopping 126,428 BTC worth about $5.1 billion at time of publishing.

Metaverse and ETF: Europe’s first metaverse-themed exchange-traded fund (ETF), the ETC Group Global Metaverse UCITS ETF (METR), listed on the London Stock Exchange Thursday, available for sale across Europe. The ETF will track the Solactive ETC Group Global Metaverse Index, which currently offers exposure to 51 companies active in the metaverse industry.

U.S. Senate and crypto sanctions: U.S. senator Elizabeth Warren, a long-time crypto critic, has announced a new bill that would block bitcoin and cryptocurrency companies from doing business with those hit by sanctions. The bill would crack down on the use of bitcoin and other cryptocurrencies to evade strict sanctions put on Russia, Belarus and wealthy oligarchs since the invasion of Ukraine.

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