Crypto market update
Crypto markets are now in slight correction after the previous spike. After a few days of consecutive price gains, Bitcoin retraced slightly and calmed around $47,000. Most altcoins have also stalled since yesterday, with a few exceptions, such as PlatonCoin, which has added more than 6% due to successful development of new products. The crypto market cap is still above $2.2 trillion.
Bitcoin (BTC) is now trading at 47,081 USD down by 1.5% in 24h
Ethereum (ETH) is now for 3,380 USD down by 2.2% in 24h
PlatonCoin (PLTC) is now for 0,799 USD up by 6.7% in 24h
Total marketcap is currently at 2.237 trillion USD up by 1.0% in 24h
(all data valid at the time of publishing, from Coingecko.com)
Daily news update
Americans and cryptocurrencies: More than half of Americans believe cryptocurrencies will be the “future of finance,” signaling a major change in popular view. The figure was approximately 70% among those aged 25 to 34, and 60% among those aged 35 to 44. Around 17% of poll respondents indicated that they have invested in digital assets. The proportion increased by 28% among those aged 25 to 34.
Opera and web 3.0: In Jan. 2022, Opera launched the Crypto Browser project, a Web3-focused initiative for facilitating navigation across decentralized applications (DApp), games and metaverse platforms. As part of this initiative, the browser company added now support for eight major blockchain ecosystems, including Bitcoin (BTC), Solana (SOL), Polygon (MATIC), StarkEx, Ronin, Celo, Nervos DAO and IXO.
Cardano and fee increase: Fees on the Cardano network are on the strongest increase since August and May. The main reason behind the rapid increase in transaction fees is obviously tied to the increased usage of the network, like we saw back in August or May, but in addition to it is the growing number of use cases on the network.
Meitu and crypto investments: In March of last year, Chinese publicly-traded company Meitu, a fintech giant, announced that it had invested in the two biggest digital currencies, Bitcoin and Ethereum, putting $22.1 million in BTC and buying $17.9 million worth of ETH. According to the report disclosed by the company, as of Dec. 31, the value of the purchased Ethereum had soared by 425.6 million yuan, which is the equivalent of $67 million. As for Bitcoin, the company’s investment in digital gold has depreciated by 28.5 million RMB: $4,486,886.